Systematic Financial Management LP Acquires Shares of 136,345 Tailored Brands Inc (TLRD)
Systematic Financial Management LP acquired a new position in shares of Tailored Brands Inc (NASDAQ:TLRD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 136,345 shares of the company’s stock, valued at approximately $1,522,000. Systematic Financial Management LP owned 0.28% of Tailored Brands at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its position in shares of Tailored Brands by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the company’s stock worth $223,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its position in shares of Tailored Brands by 0.8% in the second quarter. Arizona State Retirement System now owns 25,611 shares of the company’s stock worth $286,000 after purchasing an additional 200 shares during the period. Bank of Montreal Can increased 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 purchasing an additional 442 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of 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. Finally, Texas Permanent School Fund increased its position in shares of Tailored Brands by 1.5% in the second quarter. Texas Permanent School Fund now owns 35,810 shares of the company’s stock worth $400,000 after purchasing an additional 519 shares during the period.
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A number of research analysts recently commented on TLRD shares. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. FBR & Co restated an “outperform” rating and issued a $16.00 price target on shares of Tailored Brands in a research report on Tuesday, July 11th. Cowen and Company decreased their price target on Tailored Brands from $23.00 to $12.00 and set a “market perform” rating on the stock in a research report on Friday, June 9th. Wunderlich set a $24.00 price target on Tailored Brands and gave the stock a “buy” rating in a research report on Thursday, June 8th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $13.00 price target (up previously from $12.00) on shares of Tailored Brands in a research report on Friday, September 8th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.86.
Shares of Tailored Brands Inc (TLRD) opened at 14.34 on Tuesday. Tailored Brands Inc has a 1-year low of $9.40 and a 1-year high of $28.76. The firm has a market capitalization of $705.46 million and a price-to-earnings ratio of 12.00. The company has a 50-day moving average price of $12.14 and a 200 day moving average price of $12.50.
Tailored Brands (NASDAQ:TLRD) last released its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.26. The company had revenue of $851.00 million for the quarter, compared to the consensus estimate of $868.22 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts predict that Tailored Brands Inc will post $1.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.02%.
In other Tailored Brands news, Director Dinesh S. Lathi sold 3,200 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $10.86, for a total value of $34,752.00. Following the transaction, the director now directly owns 22,757 shares in the company, valued at approximately $247,141.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jack Calandra bought 10,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average price of $9.50 per share, for a total transaction of $95,000.00. Following the completion of the purchase, the chief financial officer now directly owns 31,026 shares in the company, valued at $294,747. The disclosure for this purchase can be found here.
About Tailored Brands
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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