Tailored Brands Inc. (TLRD) Sees Significant Growth in Short Interest
Tailored Brands Inc. (NYSE:TLRD) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 11,445,703 shares, an increase of 34.4% from the September 15th total of 8,513,220 shares. Based on an average daily volume of 1,332,613 shares, the short-interest ratio is presently 8.6 days. Approximately 23.8% of the shares of the stock are short sold.
Institutional investors have recently bought and sold shares of the company. FineMark National Bank & Trust raised its position in Tailored Brands by 1,520.3% in the second quarter. FineMark National Bank & Trust now owns 9,025 shares of the company’s stock worth $114,000 after buying an additional 8,468 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Tailored Brands during the third quarter worth $142,000. Mason Street Advisors LLC purchased a new position in Tailored Brands during the second quarter worth $120,000. Bank of Montreal Can purchased a new position in Tailored Brands during the second quarter worth $122,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Tailored Brands during the second quarter worth $129,000.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, October 11th. Mizuho raised their price objective on shares of Tailored Brands from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. Stifel Nicolaus restated a “hold” rating and set a $18.00 price objective (up previously from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. Deutsche Bank AG lowered their price objective on shares of Tailored Brands from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Finally, Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a research report on Thursday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.00.
Tailored Brands (NYSE:TLRD) opened at 16.07 on Monday. The company has a 50-day moving average of $15.50 and a 200-day moving average of $14.82. The stock’s market cap is $782.51 million. Tailored Brands has a 12 month low of $9.95 and a 12 month high of $42.64.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The business earned $909 million during the quarter, compared to analyst estimates of $890.14 million. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. On average, equities analysts forecast that Tailored Brands will post $1.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Tuesday, December 13th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.48%. Tailored Brands’s payout ratio is currently -3.29%.
Tailored Brands Company 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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