Teachers Retirement System of The State of Kentucky raised its holdings in Tailored Brands Inc (NYSE:TLRD) by 23.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,527 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tailored Brands were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Tailored Brands by 6.1% in the 1st quarter. Principal Financial Group Inc. now owns 415,705 shares of the company’s stock valued at $10,417,000 after purchasing an additional 23,773 shares during the period. Bank of Montreal Can acquired a new position in Tailored Brands during the second quarter worth $2,911,000. Amalgamated Bank acquired a new position in Tailored Brands during the second quarter worth $207,000. TD Asset Management Inc. acquired a new position in Tailored Brands during the second quarter worth $2,848,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Tailored Brands during the second quarter worth $278,000.
NYSE:TLRD opened at $21.52 on Friday. The company has a quick ratio of 0.46, a current ratio of 2.12 and a debt-to-equity ratio of 120,737.00. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 0.58 and a beta of 1.63. Tailored Brands Inc has a fifty-two week low of $19.32 and a fifty-two week high of $35.94.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, September 12th. The company reported $1.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.07. The company had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $828.36 million. Tailored Brands had a net margin of 3.01% and a negative return on equity of 933.71%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, equities research analysts predict that Tailored Brands Inc will post 2.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Monday, December 17th. Tailored Brands’s dividend payout ratio is presently 32.73%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. ValuEngine cut shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Deutsche Bank upped their price objective on shares of Tailored Brands from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th.
In other Tailored Brands news, Director David H. Edwab sold 15,000 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $25.54, for a total transaction of $383,100.00. Following the completion of the transaction, the director now directly owns 36,217 shares in the company, valued at $924,982.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Tailored Brands Profile
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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