IPG Investment Advisors LLC Cuts Stake in Tailored Brands Inc (TLRD)
IPG Investment Advisors LLC cut its position in Tailored Brands Inc (NYSE:TLRD) by 85.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 194,498 shares of the company’s stock after selling 1,185,820 shares during the period. Tailored Brands makes up 1.8% of IPG Investment Advisors LLC’s holdings, making the stock its 16th largest position. IPG Investment Advisors LLC’s holdings in Tailored Brands were worth $4,246,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its holdings in Tailored Brands by 17.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 341,759 shares of the company’s stock worth $3,815,000 after acquiring an additional 51,318 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Tailored Brands by 1.4% during the second quarter. TIAA CREF Investment Management LLC now owns 132,571 shares of the company’s stock worth $1,479,000 after acquiring an additional 1,892 shares during the period. Thrivent Financial For Lutherans grew its holdings in Tailored Brands by 6.9% during the second quarter. Thrivent Financial For Lutherans now owns 29,640 shares of the company’s stock worth $331,000 after acquiring an additional 1,910 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Tailored Brands by 7.4% during the second quarter. UBS Asset Management Americas Inc. now owns 14,599 shares of the company’s stock worth $163,000 after acquiring an additional 1,000 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in Tailored Brands by 19.3% during the second quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock worth $142,000 after acquiring an additional 2,053 shares during the period.
Several analysts recently commented on TLRD shares. Zacks Investment Research raised Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, December 1st. BidaskClub raised Tailored Brands from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. ValuEngine lowered Tailored Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, B. Riley reaffirmed a “buy” rating on shares of Tailored Brands in a report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.71.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.21. The company had revenue of $810.80 million for the quarter, compared to the consensus estimate of $807.51 million. Tailored Brands had a negative return on equity of 137.16% and a net margin of 2.07%. Tailored Brands’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. equities analysts forecast that Tailored Brands Inc will post 2.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 16th. This represents a $0.72 dividend on an annualized basis and a yield of 3.33%. Tailored Brands’s dividend payout ratio is currently 52.94%.
In other Tailored Brands news, Director William B. Sechrest sold 1,286 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total transaction of $29,809.48. Following the transaction, the director now owns 39,098 shares in the company, valued at $906,291.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
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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