Nisa Investment Advisors LLC Cuts Stake in Tailored Brands Inc (TLRD)
Nisa Investment Advisors LLC cut its position in Tailored Brands Inc (NASDAQ:TLRD) by 10.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,800 shares of the company’s stock after selling 4,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Tailored Brands were worth $417,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased 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 buying an additional 4,303 shares during the period. SG Americas Securities LLC increased 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 buying an additional 2,032 shares during the period. First Mercantile Trust Co. increased its position in Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock worth $151,000 after buying an additional 3,626 shares during the period. Bank of Montreal Can increased its position in 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 during the period. Finally, Mason Street Advisors LLC increased its position in 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 during the period.
Shares of Tailored Brands Inc (NASDAQ:TLRD) traded down 0.79% during midday trading on Friday, reaching $11.30. 1,332,251 shares of the company were exchanged. Tailored Brands Inc has a 52-week low of $9.40 and a 52-week high of $28.76. The company has a market capitalization of $554.24 million and a P/E ratio of 21.90. The stock has a 50-day moving average price of $11.51 and a 200 day moving average price of $14.40.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The business had revenue of $782.90 million during the quarter, compared to analyst estimates of $793.27 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Equities research analysts expect that Tailored Brands Inc will post $1.79 EPS for the current fiscal year.
The firm also recently declared 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 of this dividend is Monday, September 11th. This represents a $0.72 annualized dividend and a yield of 6.37%.
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A number of research firms have recently weighed in on TLRD. ValuEngine raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price target on shares of Tailored Brands in a research note on Tuesday, June 6th. TheStreet raised shares of Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Zacks Investment Research cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Wunderlich set a $24.00 price objective on shares of Tailored Brands and gave the stock a “buy” rating in a report on Thursday, June 8th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.
In other Tailored Brands news, CFO Jack Calandra purchased 10,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were purchased at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the purchase, the chief financial officer now owns 31,026 shares of the company’s stock, valued at $294,747. The transaction was disclosed in a legal filing with the SEC, 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 transaction of $34,752.00. Following the completion of the sale, 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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