Tailored Brands Inc (TLRD) Shares Bought by Arizona State Retirement System
Arizona State Retirement System boosted its position in Tailored Brands Inc (NASDAQ:TLRD) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,611 shares of the company’s stock after purchasing an additional 200 shares during the period. Arizona State Retirement System owned approximately 0.05% of Tailored Brands worth $286,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TLRD. State of Alaska Department of Revenue lifted its position in Tailored Brands by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $108,000 after purchasing an additional 4,303 shares during the period. Financial Engines Advisors L.L.C. lifted its position in Tailored Brands by 192,760.0% in the second quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock worth $108,000 after purchasing an additional 9,638 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in Tailored Brands by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock worth $129,000 after purchasing an additional 450 shares during the period. Atria Investments LLC acquired a new stake in Tailored Brands in the second quarter worth approximately $147,000. Finally, SG Americas Securities LLC lifted its position in Tailored Brands by 25.5% in the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock worth $149,000 after purchasing an additional 2,032 shares during the period.
A number of equities research analysts have weighed in on the company. Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price (up from $12.00) on shares of Tailored Brands in a research report on Friday. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet upgraded Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Zacks Investment Research downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, FBR & Co restated a “buy” rating and issued a $16.00 target price on shares of Tailored Brands in a research report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.71.
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In other Tailored Brands news, CFO Jack Calandra acquired 10,000 shares of Tailored Brands stock in a transaction on Wednesday, June 21st. The shares were purchased at an average cost of $9.50 per share, with a total value of $95,000.00. Following the completion of the purchase, the chief financial officer now owns 31,026 shares in the company, valued at $294,747. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dinesh S. Lathi sold 3,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $10.86, for a total transaction of $34,752.00. Following the completion of the transaction, the director now directly owns 22,757 shares in the company, valued at $247,141.02. The disclosure for this sale can be found here.
Shares of Tailored Brands Inc (TLRD) opened at 12.80 on Tuesday. The firm has a market cap of $627.81 million and a P/E ratio of 24.81. The stock’s 50 day moving average price is $11.88 and its 200-day moving average price is $12.84. Tailored Brands Inc has a 12 month low of $9.40 and a 12 month high of $28.76.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.26. The company had revenue of $851 million during the quarter, compared to analyst estimates of $868.22 million. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. Equities research analysts anticipate that Tailored Brands Inc will post $1.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a $0.18 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.72 dividend on an annualized basis and a yield of 5.63%.
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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