Tailored Brands Inc (NYSE:TLRD) Sees Significant Increase in Short Interest

Tailored Brands Inc (NYSE:TLRD) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 18,951,000 shares, an increase of 9.5% from the May 30th total of 17,311,500 shares. Approximately 38.8% of the company’s shares are sold short. Based on an average trading volume of 2,530,000 shares, the days-to-cover ratio is presently 7.5 days.

Shares of NYSE:TLRD opened at $5.96 on Tuesday. The stock has a market capitalization of $308.17 million, a price-to-earnings ratio of 2.58 and a beta of 1.93. The stock’s 50 day moving average is $5.69. Tailored Brands has a one year low of $5.03 and a one year high of $28.78. The company has a current ratio of 1.39, a quick ratio of 0.22 and a debt-to-equity ratio of 317.61.

Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, June 12th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. The business had revenue of $781.40 million for the quarter, compared to analyst estimates of $776.22 million. Tailored Brands had a net margin of 2.39% and a return on equity of 4,518.17%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. On average, sell-side analysts expect that Tailored Brands will post 1.69 EPS for the current fiscal year.

TLRD has been the topic of a number of research reports. B. Riley set a $18.00 target price on shares of TiVo and gave the stock a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research raised shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Tailored Brands has an average rating of “Hold” and an average target price of $19.67.

Large investors have recently modified their holdings of the company. Norges Bank purchased a new position in Tailored Brands during the fourth quarter valued at approximately $9,134,000. IPG Investment Advisors LLC purchased a new position in Tailored Brands during the first quarter valued at approximately $4,935,000. Poehling Capital Management LLC purchased a new position in Tailored Brands during the first quarter valued at approximately $1,917,000. Deutsche Bank AG increased its holdings in Tailored Brands by 67.4% during the fourth quarter. Deutsche Bank AG now owns 434,557 shares of the company’s stock valued at $5,925,000 after buying an additional 175,010 shares during the period. Finally, Investment Management of Virginia LLC purchased a new position in Tailored Brands during the first quarter valued at approximately $1,361,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

About Tailored Brands

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.

Read More: What is Liquidity?

Receive News & Ratings for Tailored Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tailored Brands and related companies with MarketBeat.com's FREE daily email newsletter.