BNP Paribas Arbitrage SA reduced its position in Tailored Brands Inc. (NYSE:TLRD) by 71.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,999 shares of the company’s stock after selling 19,908 shares during the period. BNP Paribas Arbitrage SA’s holdings in Tailored Brands were worth $126,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Mason Street Advisors LLC purchased a new stake in shares of Tailored Brands during the second quarter worth about $120,000. Cowen Group Inc. bought a new position in Tailored Brands during the second quarter worth $1,578,000. Royal Bank of Canada increased its position in Tailored Brands by 9.9% in the second quarter. Royal Bank of Canada now owns 591,762 shares of the company’s stock worth $7,492,000 after buying an additional 53,119 shares in the last quarter. Sterling Capital Management LLC bought a new position in Tailored Brands during the second quarter worth $245,000. Finally, Wedge Capital Management L L P NC bought a new position in Tailored Brands during the second quarter worth $250,000.
Tailored Brands Inc. (NYSE:TLRD) opened at 16.27 on Friday. Tailored Brands Inc. has a 12-month low of $9.95 and a 12-month high of $42.64. The company’s market cap is $792.25 million. The company’s 50 day moving average is $15.45 and its 200 day moving average is $14.82.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The business earned $909 million during the quarter, compared to analyst estimates of $890.14 million. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. Analysts forecast that Tailored Brands Inc. will post $1.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Tuesday, December 13th will be given a $0.18 dividend. The ex-dividend date is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.43%. Tailored Brands’s payout ratio is currently -3.29%.
A number of research firms have recently weighed in on TLRD. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday. Wunderlich began coverage on shares of Tailored Brands in a research note on Tuesday, August 2nd. They set a “buy” rating and a $20.00 price target on the stock. Mizuho upped their price target on shares of Tailored Brands from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Stifel Nicolaus restated a “hold” rating and set a $18.00 price target (up from $14.00) on shares of Tailored Brands in a research note on Thursday, September 8th. Finally, Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a research note on Thursday, September 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.00.
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.