Tailored Brands Inc. (TLRD) Position Increased by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC increased its position in shares of Tailored Brands Inc. (NYSE:TLRD) by 692.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,900 shares of the company’s stock after buying an additional 43,600 shares during the period. Nisa Investment Advisors LLC owned about 0.10% of Tailored Brands worth $632,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eqis Capital Management Inc. acquired a new stake in shares of Tailored Brands during the second quarter worth about $182,000. Riverhead Capital Management LLC acquired a new stake in shares of Tailored Brands during the first quarter worth about $218,000. Bayesian Capital Management LP acquired a new stake in shares of Tailored Brands during the first quarter worth about $251,000. BNP Paribas Arbitrage SA increased its stake in shares of Tailored Brands by 47.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,907 shares of the company’s stock worth $353,000 after buying an additional 8,952 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Tailored Brands during the first quarter worth about $390,000.
Shares of Tailored Brands Inc. (NYSE:TLRD) traded down 0.66% during trading on Friday, reaching $16.63. The company’s stock had a trading volume of 1,496,292 shares. The company has a 50 day moving average of $14.42 and a 200-day moving average of $14.90. The stock’s market cap is $809.78 million. Tailored Brands Inc. has a 12-month low of $9.95 and a 12-month high of $48.01.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The business earned $909 million during the quarter, compared to analysts’ expectations of $890.14 million. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 earnings per share. Analysts forecast that Tailored Brands Inc. will post $1.70 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, September 9th. Tailored Brands’s payout ratio is -3.29%.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Tailored Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price target (up previously from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. Mizuho lifted their price target on Tailored Brands from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. Johnson Rice upgraded Tailored Brands from a “hold” rating to an “accumulate” rating in a research report on Thursday, September 1st. Finally, Deutsche Bank AG dropped their target price on Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.57.
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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