Municipal Employees Retirement System of Michigan boosted its position in shares of Tailored Brands Inc (NYSE:TLRD) by 58.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,400 shares of the company’s stock after acquiring an additional 6,810 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Tailored Brands were worth $266,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new position in shares of Tailored Brands in the 2nd quarter valued at about $118,000. GSA Capital Partners LLP boosted its stake in shares of Tailored Brands by 19.3% in the 2nd quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock valued at $142,000 after buying an additional 2,053 shares during the period. Frontier Wealth Management LLC purchased a new position in shares of Tailored Brands in the 2nd quarter valued at about $153,000. UBS Asset Management Americas Inc. boosted its stake in shares of Tailored Brands by 7.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,599 shares of the company’s stock valued at $163,000 after buying an additional 1,000 shares during the period. Finally, Aperio Group LLC purchased a new position in shares of Tailored Brands in the 2nd quarter valued at about $175,000.

Shares of Tailored Brands Inc (NYSE:TLRD) traded down $1.21 during midday trading on Wednesday, hitting $19.46. The stock had a trading volume of 2,517,700 shares, compared to its average volume of 1,567,685. The company has a quick ratio of 0.52, a current ratio of 2.48 and a debt-to-equity ratio of -97.85. Tailored Brands Inc has a 1-year low of $9.40 and a 1-year high of $28.76. The firm has a market cap of $958.27, a price-to-earnings ratio of 10.49, a PEG ratio of 0.60 and a beta of 1.89.

Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.21. Tailored Brands had a negative return on equity of 137.16% and a net margin of 2.07%. The business had revenue of $810.80 million for the quarter, compared to analyst estimates of $807.51 million. During the same quarter last year, the company earned $0.68 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. sell-side analysts forecast that Tailored Brands Inc will post 2.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, December 11th. Tailored Brands’s dividend payout ratio (DPR) is presently 52.94%.

Several brokerages have recently issued reports on TLRD. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, December 1st. B. Riley reiterated a “buy” rating on shares of Tailored Brands in a research note on Wednesday, November 1st. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, FBR & Co reiterated a “buy” rating and issued a $16.00 price objective on shares of Tailored Brands in a research note on Thursday, September 21st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.71.

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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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Institutional Ownership by Quarter for Tailored Brands (NYSE:TLRD)

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