Teachers Advisors LLC Sells 5,208 Shares of Tailored Brands Inc (TLRD)
Teachers Advisors LLC decreased its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,034 shares of the company’s stock after selling 5,208 shares during the quarter. Teachers Advisors LLC owned about 0.18% of Tailored Brands worth $994,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Tailored Brands by 55.6% during the first quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock valued at $135,834,000 after acquiring an additional 3,248,995 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Tailored Brands by 45,196.0% during the first quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock valued at $87,319,000 after acquiring an additional 5,831,636 shares in the last quarter. Boston Partners increased its holdings in shares of Tailored Brands by 1.8% during the second quarter. Boston Partners now owns 2,260,055 shares of the company’s stock valued at $25,222,000 after acquiring an additional 39,733 shares in the last quarter. Morgan Stanley increased its holdings in shares of Tailored Brands by 9.3% during the first quarter. Morgan Stanley now owns 1,824,744 shares of the company’s stock valued at $27,261,000 after acquiring an additional 155,370 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Tailored Brands by 7.3% during the first quarter. State Street Corp now owns 1,435,459 shares of the company’s stock valued at $21,441,000 after acquiring an additional 98,069 shares in the last quarter.
Several research firms have recently commented on TLRD. BidaskClub downgraded Tailored Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. FBR & Co reiterated an “outperform” rating and set a $16.00 price target on shares of Tailored Brands in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price target (up previously from $12.00) on shares of Tailored Brands in a report on Friday, September 8th. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded Tailored Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.86.
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Tailored Brands (NASDAQ:TLRD) last posted its earnings results on Thursday, September 7th. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.26. The business had revenue of $851.00 million during the quarter, compared to the consensus estimate of $868.22 million. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend is Monday, December 11th.
Tailored Brands 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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