State Board of Administration of Florida Retirement System Has $556,000 Position in Tailored Brands, Inc. (TLRD)

State Board of Administration of Florida Retirement System boosted its holdings in Tailored Brands, Inc. (NYSE:TLRD) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,483 shares of the company’s stock after acquiring an additional 6,982 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.08% of Tailored Brands worth $556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in Tailored Brands by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the company’s stock valued at $223,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System increased its position in Tailored Brands by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 25,611 shares of the company’s stock valued at $286,000 after acquiring an additional 200 shares during the period. Lazard Asset Management LLC increased its position in Tailored Brands by 1.6% in the 2nd quarter. Lazard Asset Management LLC now owns 19,209 shares of the company’s stock valued at $214,000 after acquiring an additional 299 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Tailored Brands by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock valued at $129,000 after acquiring an additional 450 shares during the period. Finally, Texas Permanent School Fund increased its position in Tailored Brands by 1.5% in the 2nd quarter. Texas Permanent School Fund now owns 35,810 shares of the company’s stock valued at $400,000 after acquiring an additional 519 shares during the period.

Several analysts recently commented on TLRD shares. FBR & Co restated a “buy” rating and issued a $16.00 target price on shares of Tailored Brands in a research report on Thursday, September 21st. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Tailored Brands in a research report on Wednesday, November 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price (up from $12.00) on shares of Tailored Brands in a research report on Friday, September 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.86.

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Tailored Brands, Inc. (NYSE:TLRD) opened at $16.56 on Monday. Tailored Brands, Inc. has a 1 year low of $9.40 and a 1 year high of $28.76. The stock has a market capitalization of $814.68, a price-to-earnings ratio of 8.72, a PEG ratio of 0.55 and a beta of 1.87. The company has a debt-to-equity ratio of -32.83, a quick ratio of 0.56 and a current ratio of 2.74.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.26. Tailored Brands had a negative return on equity of 108.13% and a net margin of 1.79%. The company had revenue of $851.00 million for the quarter, compared to analysts’ expectations of $868.22 million. During the same period last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. sell-side analysts predict that Tailored Brands, Inc. will post 1.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, December 11th. Tailored Brands’s dividend payout ratio (DPR) is presently 60.50%.

About Tailored Brands

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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Institutional Ownership by Quarter for Tailored Brands (NYSE:TLRD)

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