Tailored Brands Inc (TLRD) Stake Boosted by New York State Teachers Retirement System
New York State Teachers Retirement System lifted its holdings in Tailored Brands Inc (NYSE:TLRD) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,475 shares of the company’s stock after acquiring an additional 5,222 shares during the period. New York State Teachers Retirement System owned 0.24% of Tailored Brands worth $3,023,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TLRD. James Investment Research Inc. purchased a new stake in shares of Tailored Brands in the second quarter worth about $3,309,000. Hartford Investment Management Co. purchased a new stake in shares of Tailored Brands in the second quarter worth about $305,000. BNP Paribas Arbitrage SA lifted its position in shares of Tailored Brands by 249.1% in the second quarter. BNP Paribas Arbitrage SA now owns 118,124 shares of the company’s stock worth $3,015,000 after buying an additional 84,291 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Tailored Brands in the first quarter worth about $3,133,000. Finally, Parametrica Management Ltd purchased a new stake in shares of Tailored Brands in the first quarter worth about $286,000. 99.41% of the stock is owned by hedge funds and other institutional investors.
In other Tailored Brands news, Director Dinesh S. Lathi sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $27.09, for a total transaction of $81,270.00. Following the sale, the director now directly owns 19,757 shares in the company, valued at $535,217.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, June 13th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tailored Brands had a negative return on equity of 488.59% and a net margin of 3.26%. The business had revenue of $818.00 million for the quarter, compared to the consensus estimate of $794.05 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. equities research analysts anticipate that Tailored Brands Inc will post 2.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 17th. This represents a $0.72 dividend on an annualized basis and a yield of 3.34%. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.
A number of research firms recently commented on TLRD. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Jefferies Financial Group upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Finally, Zacks Investment Research downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.33.
About Tailored Brands
Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.
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