Tailored Brands (TLRD) Shares Gap Up to $26.02

Shares of Tailored Brands Inc (NYSE:TLRD) gapped up prior to trading on Friday . The stock had previously closed at $24.61, but opened at $26.02. Tailored Brands shares last traded at $25.73, with a volume of 93563 shares traded.

A number of brokerages have issued reports on TLRD. ValuEngine lowered Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Deutsche Bank raised their price target on Tailored Brands from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research lowered Tailored Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Tailored Brands currently has a consensus rating of “Buy” and an average target price of $23.33.

The company has a quick ratio of 0.45, a current ratio of 1.97 and a debt-to-equity ratio of -34.32. The company has a market capitalization of $1.19 billion, a PE ratio of 11.75, a PEG ratio of 0.60 and a beta of 1.71.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, September 12th. The company reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Tailored Brands had a negative return on equity of 700.15% and a net margin of 3.01%. The firm had revenue of $823.00 million for the quarter, compared to analyst estimates of $828.36 million. During the same period last year, the company earned $0.99 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. research analysts anticipate that Tailored Brands Inc will post 2.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, September 17th. Tailored Brands’s dividend payout ratio is currently 32.73%.

In other news, Director Dinesh S. Lathi sold 3,000 shares of Tailored Brands stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $27.09, for a total value of $81,270.00. Following the transaction, the director now directly owns 19,757 shares of the company’s stock, valued at approximately $535,217.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new position in Tailored Brands during the 2nd quarter worth approximately $249,000. Millennium Management LLC lifted its position in Tailored Brands by 25.9% during the 2nd quarter. Millennium Management LLC now owns 674,944 shares of the company’s stock worth $17,225,000 after acquiring an additional 139,047 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in Tailored Brands by 140.5% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 44,500 shares of the company’s stock worth $1,136,000 after acquiring an additional 26,000 shares in the last quarter. Zacks Investment Management acquired a new position in Tailored Brands during the 2nd quarter worth approximately $206,000. Finally, Cubist Systematic Strategies LLC lifted its position in Tailored Brands by 35.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,734 shares of the company’s stock worth $555,000 after acquiring an additional 5,732 shares in the last quarter. 99.93% of the stock is currently owned by institutional investors and hedge funds.

About Tailored Brands (NYSE:TLRD)

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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