Wedge Capital Management L L P NC decreased its holdings in Tailored Brands Inc (NYSE:TLRD) by 27.3% in the third quarter, Holdings Channel reports. The fund owned 26,241 shares of the company’s stock after selling 9,835 shares during the period. Wedge Capital Management L L P NC’s holdings in Tailored Brands were worth $115,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. Q Global Advisors LLC purchased a new stake in shares of Tailored Brands in the 2nd quarter valued at approximately $12,505,000. Balyasny Asset Management LLC purchased a new stake in shares of Tailored Brands in the 2nd quarter valued at approximately $9,923,000. Scion Asset Management LLC grew its stake in shares of Tailored Brands by 112.8% in the 2nd quarter. Scion Asset Management LLC now owns 1,850,000 shares of the company’s stock valued at $10,675,000 after buying an additional 980,800 shares during the period. Coatue Management LLC purchased a new stake in shares of Tailored Brands in the 2nd quarter valued at approximately $2,105,000. Finally, BlackRock Inc. grew its stake in shares of Tailored Brands by 4.8% in the 2nd quarter. BlackRock Inc. now owns 7,519,333 shares of the company’s stock valued at $43,386,000 after buying an additional 346,005 shares during the period. Institutional investors own 98.48% of the company’s stock.
Shares of NYSE:TLRD traded down $0.21 during mid-day trading on Friday, reaching $5.31. 1,525,807 shares of the company were exchanged, compared to its average volume of 2,588,671. The company has a debt-to-equity ratio of 418.48, a current ratio of 1.46 and a quick ratio of 0.22. The firm has a market cap of $273.46 million, a price-to-earnings ratio of 2.30 and a beta of 1.80. The firm’s 50-day simple moving average is $4.49 and its 200 day simple moving average is $5.52. Tailored Brands Inc has a 1 year low of $3.70 and a 1 year high of $24.09.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, September 11th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. The firm had revenue of $789.50 million during the quarter, compared to analysts’ expectations of $788.98 million. Tailored Brands had a net margin of 1.94% and a return on equity of 2,629.06%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $1.07 EPS. On average, research analysts forecast that Tailored Brands Inc will post 1.1 earnings per share for the current fiscal year.
Several analysts have recently weighed in on TLRD shares. B. Riley increased their price target on shares of Tailored Brands from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research cut shares of Tailored Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Tailored Brands currently has an average rating of “Hold” and a consensus target price of $15.00.
In related news, Director Theo Killion acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average price of $4.64 per share, with a total value of $69,600.00. Following the transaction, the director now owns 59,754 shares of the company’s stock, valued at approximately $277,258.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carrie Ann Ask acquired 17,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average cost of $3.78 per share, with a total value of $64,260.00. Following the transaction, the insider now directly owns 37,099 shares in the company, valued at approximately $140,234.22. The disclosure for this purchase can be found here. Insiders have purchased a total of 69,369 shares of company stock valued at $291,598 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.
Tailored Brands Company 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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