California Public Employees Retirement System boosted its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 8.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 107,500 shares of the company’s stock after buying an additional 8,100 shares during the period. California Public Employees Retirement System’s holdings in Tailored Brands were worth $1,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in shares of Tailored Brands by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the company’s stock worth $297,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Tailored Brands by 1.2% in the first quarter. Arizona State Retirement System now owns 25,411 shares of the company’s stock worth $380,000 after buying an additional 300 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Tailored Brands by 4.5% in the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock worth $153,000 after buying an additional 442 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Tailored Brands by 7.1% in the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock worth $170,000 after buying an additional 757 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Tailored Brands by 3.8% in the first quarter. Creative Planning now owns 27,521 shares of the company’s stock worth $411,000 after buying an additional 1,000 shares in the last quarter.

Shares of Tailored Brands Inc (TLRD) opened at 12.25 on Friday. The company’s 50-day moving average price is $11.18 and its 200-day moving average price is $14.77. The stock has a market cap of $600.84 million and a PE ratio of 23.74. Tailored Brands Inc has a one year low of $9.40 and a one year high of $28.76.

Tailored Brands (NASDAQ:TLRD) last released its earnings results on Friday, June 9th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million for the quarter, compared to analysts’ expectations of $793.27 million. Tailored Brands’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that Tailored Brands Inc will post $1.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.72 annualized dividend and a yield of 5.91%.

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A number of brokerages have recently commented on TLRD. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price target on shares of Tailored Brands in a research report on Friday, May 5th. Deutsche Bank AG upped their price target on Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, May 5th. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. FBR & Co reaffirmed an “outperform” rating and set a $16.00 price target on shares of Tailored Brands in a research report on Tuesday, July 11th. Finally, Johnson Rice raised Tailored Brands from an “accumulate” rating to a “buy” rating in a research report on Thursday, May 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tailored Brands presently has a consensus rating of “Hold” and an average target price of $17.00.

In related news, CFO Jack Calandra bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the completion of the transaction, the chief financial officer now owns 31,026 shares of the company’s stock, valued at $294,747. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $10.86, for a total value of $34,752.00. Following the transaction, the director now owns 22,757 shares in the company, valued at $247,141.02. The disclosure for this sale can be found here.

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

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