Element Capital Management LLC acquired a new position in Tailored Brands Inc (NYSE:TLRD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,033 shares of the company’s stock, valued at approximately $226,000.
A number of other hedge funds have also recently made changes to their positions in TLRD. Crossmark Global Holdings Inc. acquired a new stake in Tailored Brands in the fourth quarter worth about $205,000. Teacher Retirement System of Texas acquired a new stake in Tailored Brands in the fourth quarter worth about $329,000. California Public Employees Retirement System increased its position in Tailored Brands by 16.5% in the fourth quarter. California Public Employees Retirement System now owns 210,475 shares of the company’s stock worth $4,595,000 after purchasing an additional 29,814 shares during the period. Wells Fargo & Company MN boosted its holdings in Tailored Brands by 335.3% during the fourth quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock worth $14,112,000 after buying an additional 497,921 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Tailored Brands by 225.4% during the fourth quarter. Arizona State Retirement System now owns 82,684 shares of the company’s stock worth $1,805,000 after buying an additional 57,273 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.
In related news, Director Rinaldo S. Brutoco sold 6,260 shares of Tailored Brands stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $28.55, for a total value of $178,723.00. Following the sale, the director now owns 44,065 shares of the company’s stock, valued at approximately $1,258,055.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dinesh S. Lathi sold 3,000 shares of Tailored Brands stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $27.09, for a total value of $81,270.00. Following the completion of the sale, the director now directly owns 19,757 shares in the company, valued at approximately $535,217.13. The disclosure for this sale can be found here. Insiders have sold a total of 25,260 shares of company stock worth $709,113 in the last quarter. 2.40% of the stock is currently owned by company insiders.
Shares of Tailored Brands opened at $26.49 on Tuesday, according to Marketbeat. Tailored Brands Inc has a 1 year low of $9.81 and a 1 year high of $35.94. The company has a current ratio of 1.97, a quick ratio of 0.45 and a debt-to-equity ratio of -34.32. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.67 and a beta of 1.71.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings data on Wednesday, June 13th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Tailored Brands had a negative return on equity of 488.59% and a net margin of 3.26%. The business had revenue of $818.00 million for the quarter, compared to analysts’ expectations of $794.05 million. During the same quarter in the previous year, the business posted $0.27 EPS. Tailored Brands’s revenue for the quarter was up 4.5% on a year-over-year basis. equities analysts predict that Tailored Brands Inc will post 2.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, June 18th. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.
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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