Millennium Management LLC cut its holdings in Tailored Brands Inc (NYSE:TLRD) by 53.0% in the first quarter, HoldingsChannel reports. The firm owned 535,897 shares of the company’s stock after selling 603,313 shares during the period. Millennium Management LLC’s holdings in Tailored Brands were worth $13,430,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of TLRD. Teacher Retirement System of Texas bought a new stake in Tailored Brands in the fourth quarter worth $329,000. California Public Employees Retirement System boosted its holdings in Tailored Brands by 16.5% in the fourth quarter. California Public Employees Retirement System now owns 210,475 shares of the company’s stock worth $4,595,000 after purchasing an additional 29,814 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Tailored Brands by 335.3% in the fourth quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock worth $14,112,000 after purchasing an additional 497,921 shares in the last quarter. Arizona State Retirement System boosted its holdings in Tailored Brands by 225.4% in the fourth quarter. Arizona State Retirement System now owns 82,684 shares of the company’s stock worth $1,805,000 after purchasing an additional 57,273 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Tailored Brands by 15.4% in the fourth quarter. Rhumbline Advisers now owns 119,701 shares of the company’s stock worth $2,613,000 after purchasing an additional 15,931 shares in the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.
TLRD has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, March 20th. Jefferies Financial Group upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Finally, ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, June 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Tailored Brands presently has a consensus rating of “Buy” and a consensus price target of $22.33.
TLRD stock opened at $25.29 on Friday. The company has a debt-to-equity ratio of -34.32, a current ratio of 1.97 and a quick ratio of 0.45. Tailored Brands Inc has a 52-week low of $9.81 and a 52-week high of $35.94. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.63 and a beta of 1.78.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Wednesday, June 13th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Tailored Brands had a net margin of 3.26% and a negative return on equity of 488.59%. The company had revenue of $818.00 million during the quarter, compared to analysts’ expectations of $794.05 million. During the same period in the prior year, the company earned $0.27 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. equities analysts anticipate that Tailored Brands Inc will post 2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Monday, September 17th. Tailored Brands’s dividend payout ratio (DPR) is 32.73%.
In other news, Director Rinaldo S. Brutoco sold 6,260 shares of the company’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $28.55, for a total transaction of $178,723.00. Following the completion of the transaction, the director now owns 44,065 shares of the company’s stock, valued at $1,258,055.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dinesh S. Lathi sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $27.09, for a total transaction of $81,270.00. Following the transaction, the director now directly owns 19,757 shares of the company’s stock, valued at approximately $535,217.13. The disclosure for this sale can be found here. Insiders have sold 25,260 shares of company stock valued at $709,113 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.
Tailored Brands Profile
Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.
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