Glenview Capital Management LLC continued to hold its position in Tailored Brands Inc (NASDAQ:TLRD) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,400,000 shares of the company’s stock at the end of the first quarter. Glenview Capital Management LLC owned approximately 4.92% of Tailored Brands worth $35,856,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in Tailored Brands by 7.3% in the first quarter. State Street Corp now owns 1,435,459 shares of the company’s stock worth $21,441,000 after buying an additional 98,069 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Tailored Brands by 32.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 290,441 shares of the company’s stock worth $4,340,000 after buying an additional 71,257 shares in the last quarter. Lucus Advisors LLC acquired a new position in Tailored Brands during the first quarter worth about $400,000. BlackRock Inc. increased its position in Tailored Brands by 45,196.0% in the first quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock worth $87,319,000 after buying an additional 5,831,636 shares in the last quarter. Finally, Morgan Stanley increased its position in Tailored Brands by 9.3% in the first quarter. Morgan Stanley now owns 1,824,744 shares of the company’s stock worth $27,261,000 after buying an additional 155,370 shares in the last quarter.
Shares of Tailored Brands Inc (NASDAQ:TLRD) traded down 0.27% during midday trading on Friday, reaching $11.27. 1,695,710 shares of the company’s stock traded hands. Tailored Brands Inc has a 1-year low of $9.91 and a 1-year high of $28.76. The firm’s 50-day moving average price is $11.49 and its 200 day moving average price is $17.74. The stock has a market capitalization of $552.77 million and a P/E ratio of 21.84.
Tailored Brands (NASDAQ:TLRD) last issued its earnings results on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million during the quarter, compared to analyst estimates of $793.27 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities analysts predict that Tailored Brands Inc will post $1.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Monday, September 11th.
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A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday. Cowen and Company dropped their price objective on shares of Tailored Brands from $23.00 to $12.00 and set a “market perform” rating on the stock in a research note on Friday, June 9th. TheStreet upgraded shares of Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Wunderlich set a $24.00 target price on shares of Tailored Brands and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $14.00 target price on shares of Tailored Brands in a research note on Tuesday, June 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Tailored Brands has a consensus rating of “Hold” and a consensus price target of $17.14.
In other news, major shareholder Eminence Capital, Lp sold 7,256,678 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $12.20, for a total value of $88,531,471.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tailored Brands Company 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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