Tailored Brands Inc. (NYSE:TLRD) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 11,445,703 shares, a growth of 34.4% from the September 15th total of 8,513,220 shares. Approximately 23.8% of the shares of the company are short sold. Based on an average daily volume of 1,332,613 shares, the days-to-cover ratio is presently 8.6 days.
Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors bought a new position in shares of Tailored Brands during the first quarter worth about $55,626,000. Prudential Financial Inc. acquired a new stake in Tailored Brands during the first quarter worth approximately $5,129,000. OMERS ADMINISTRATION Corp acquired a new stake in Tailored Brands during the first quarter worth approximately $569,000. Teachers Advisors Inc. acquired a new stake in Tailored Brands during the first quarter worth approximately $1,375,000. Finally, Bogle Investment Management L P DE acquired a new stake in Tailored Brands during the first quarter worth approximately $6,849,000.
A number of research analysts have issued reports on TLRD shares. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, October 11th. Wunderlich started coverage on Tailored Brands in a research report on Tuesday, August 2nd. They set a “buy” rating and a $20.00 price target for the company. Johnson Rice upgraded Tailored Brands from a “hold” rating to an “accumulate” rating in a research report on Thursday, September 1st. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price target (up previously from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. Finally, Mizuho boosted their price target on Tailored Brands from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.00.
Shares of Tailored Brands (NYSE:TLRD) opened at 16.07 on Monday. The stock’s 50 day moving average price is $15.50 and its 200-day moving average price is $14.82. The firm’s market capitalization is $782.51 million. Tailored Brands has a 12 month low of $9.95 and a 12 month high of $42.64.
Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. The business earned $909 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the prior year, the firm posted $1.07 EPS. Tailored Brands’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts predict that Tailored Brands will post $1.70 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Tuesday, December 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.48%. Tailored Brands’s payout ratio is presently -3.29%.
About Tailored Brands