Pinebridge Investments L.P. Decreases Holdings in Tailored Brands Inc (TLRD)
Pinebridge Investments L.P. lessened its holdings in Tailored Brands Inc (NASDAQ:TLRD) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,203 shares of the company’s stock after selling 2,120 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.12% of Tailored Brands worth $682,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. lifted its stake 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 valued at $108,000 after buying an additional 9,638 shares during the last quarter. State of Alaska Department of Revenue lifted its stake 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 valued at $108,000 after buying an additional 4,303 shares during the last quarter. SG Americas Securities LLC lifted its stake in Tailored Brands by 25.5% in the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock valued at $149,000 after buying an additional 2,032 shares during the last quarter. Bank of Montreal Can lifted its stake in Tailored Brands by 4.5% in the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock valued at $153,000 after buying an additional 442 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in Tailored Brands by 7.1% in the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock valued at $170,000 after buying an additional 757 shares during the last quarter.
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Shares of Tailored Brands Inc (NASDAQ TLRD) opened at 14.44 on Friday. The company has a market capitalization of $710.38 million and a PE ratio of 12.08. Tailored Brands Inc has a 52 week low of $9.40 and a 52 week high of $28.76. The company’s 50 day moving average is $12.18 and its 200-day moving average is $12.43.
Tailored Brands (NASDAQ:TLRD) last announced 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 $851.00 million during the quarter, compared to the consensus estimate of $868.22 million. During the same quarter last year, the company earned $0.99 earnings per share. The business’s revenue was down 6.5% on a year-over-year basis. On average, analysts expect that Tailored Brands Inc will post $1.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Monday, December 11th.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Thursday. FBR & Co reiterated a “buy” rating and issued a $16.00 target price on shares of Tailored Brands in a research note on Thursday, September 21st. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. TheStreet upgraded Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 target price on shares of Tailored Brands in a research note on Tuesday, June 6th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.86.
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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