Tailored Brands Inc (TLRD) Stake Boosted by Northern Trust Corp

Northern Trust Corp lifted its stake in Tailored Brands Inc (NYSE:TLRD) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 595,255 shares of the company’s stock after acquiring an additional 4,175 shares during the quarter. Northern Trust Corp’s holdings in Tailored Brands were worth $14,918,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MANA Advisors LLC acquired a new position in shares of Tailored Brands in the 4th quarter worth approximately $266,000. Two Sigma Advisers LP acquired a new position in shares of Tailored Brands in the 4th quarter worth approximately $269,000. Parametrica Management Ltd acquired a new position in shares of Tailored Brands in the 1st quarter worth approximately $286,000. Teacher Retirement System of Texas acquired a new position in shares of Tailored Brands in the 4th quarter worth approximately $329,000. Finally, First Mercantile Trust Co. lifted its holdings in shares of Tailored Brands by 93.2% in the 1st quarter. First Mercantile Trust Co. now owns 18,174 shares of the company’s stock worth $455,000 after acquiring an additional 8,768 shares during the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.

In other Tailored Brands news, Director Rinaldo S. Brutoco sold 6,260 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $28.55, for a total value of $178,723.00. Following the sale, the director now directly owns 44,065 shares of the company’s stock, valued at approximately $1,258,055.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dinesh S. Lathi sold 3,000 shares of the stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $27.09, for a total transaction of $81,270.00. Following the completion of the transaction, the director now directly owns 19,757 shares in the company, valued at $535,217.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,260 shares of company stock worth $709,113. 2.40% of the stock is owned by company insiders.

Tailored Brands opened at $25.52 on Friday, MarketBeat Ratings reports. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. Tailored Brands Inc has a 52-week low of $9.81 and a 52-week high of $35.94. The company has a current ratio of 1.97, a quick ratio of 0.45 and a debt-to-equity ratio of -34.32.

Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, June 13th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $818.00 million for the quarter, compared to analyst estimates of $794.05 million. Tailored Brands had a net margin of 3.26% and a negative return on equity of 488.59%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. equities analysts expect that Tailored Brands Inc will post 2.49 earnings per share for the current fiscal year.

The firm also recently announced 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. The ex-dividend date is Monday, September 17th. This represents a $0.72 dividend on an annualized basis and a yield of 2.82%. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.

Several equities analysts have recently commented on the stock. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, March 14th. Finally, Jefferies Financial Group upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Monday, May 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.33.

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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Institutional Ownership by Quarter for Tailored Brands (NYSE:TLRD)

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