Frontier Capital Management Co. LLC raised its holdings in shares of Tailored Brands Inc (NYSE:TLRD) by 45.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,853,108 shares of the company’s stock after buying an additional 579,626 shares during the quarter. Frontier Capital Management Co. LLC owned about 3.76% of Tailored Brands worth $40,453,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its holdings in shares of Tailored Brands by 17.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 341,759 shares of the company’s stock worth $3,815,000 after purchasing an additional 51,318 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Tailored Brands by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 95,714 shares of the company’s stock worth $1,066,000 after purchasing an additional 5,120 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Tailored Brands by 0.7% in the 2nd quarter. Principal Financial Group Inc. now owns 373,075 shares of the company’s stock worth $4,163,000 after purchasing an additional 2,572 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Tailored Brands by 102.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock worth $13,004,000 after purchasing an additional 590,036 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Tailored Brands by 1.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 132,571 shares of the company’s stock worth $1,479,000 after purchasing an additional 1,892 shares in the last quarter.
In other news, Director William B. Sechrest sold 1,286 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total value of $29,809.48. Following the completion of the sale, the director now owns 39,098 shares of the company’s stock, valued at approximately $906,291.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.
Shares of Tailored Brands Inc (TLRD) opened at $23.49 on Friday. Tailored Brands Inc has a 52 week low of $9.40 and a 52 week high of $24.11. The company has a quick ratio of 0.52, a current ratio of 2.48 and a debt-to-equity ratio of -97.85. The firm has a market capitalization of $1,102.06, a PE ratio of 17.27, a PEG ratio of 0.65 and a beta of 1.88.
Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. Tailored Brands had a negative return on equity of 137.16% and a net margin of 2.07%. The company had revenue of $810.80 million during the quarter, compared to analyst estimates of $807.51 million. During the same quarter in the previous year, the company posted $0.68 EPS. Tailored Brands’s revenue for the quarter was down 4.3% on a year-over-year basis. analysts expect that Tailored Brands Inc will post 2.08 earnings per share for the current year.
A number of research firms have recently issued reports on TLRD. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, December 1st. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Finally, B. Riley reiterated a “buy” rating on shares of Tailored Brands in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Tailored Brands presently has an average rating of “Buy” and an average price target of $17.71.
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Tailored Brands Profile
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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