OxFORD Asset Management LLP lowered its holdings in shares of Tailored Brands Inc (NYSE:TLRD) by 63.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,899 shares of the company’s stock after selling 47,636 shares during the period. OxFORD Asset Management LLP owned approximately 0.05% of Tailored Brands worth $388,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Tailored Brands by 19.5% in the second quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock worth $121,225,000 after buying an additional 1,770,480 shares during the last quarter. Capital World Investors raised its holdings in Tailored Brands by 6.3% in the second quarter. Capital World Investors now owns 3,741,000 shares of the company’s stock worth $41,750,000 after buying an additional 222,000 shares during the last quarter. State Street Corp raised its holdings in Tailored Brands by 12.1% in the second quarter. State Street Corp now owns 1,609,301 shares of the company’s stock worth $17,960,000 after buying an additional 173,842 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Tailored Brands by 102.6% in the second quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock worth $13,004,000 after buying an additional 590,036 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Tailored Brands by 1.2% in the second quarter. Northern Trust Corp now owns 609,408 shares of the company’s stock worth $6,801,000 after buying an additional 7,291 shares during the last quarter.
Several brokerages have issued reports on TLRD. B. Riley reaffirmed a “buy” rating on shares of Tailored Brands in a report on Wednesday, November 1st. FBR & Co reissued a “buy” rating and set a $16.00 price objective on shares of Tailored Brands in a report on Thursday, September 21st. BidaskClub raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, December 1st. Finally, ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $17.71.
Tailored Brands Inc (NYSE TLRD) opened at $22.21 on Friday. The firm has a market cap of $1,090.00, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.88. Tailored Brands Inc has a 12-month low of $9.40 and a 12-month high of $24.11. The company has a debt-to-equity ratio of -97.85, a current ratio of 2.48 and a quick ratio of 0.52.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.21. Tailored Brands had a net margin of 2.07% and a negative return on equity of 137.16%. The business had revenue of $810.80 million during the quarter, compared to analyst estimates of $807.51 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. sell-side analysts anticipate that Tailored Brands Inc will post 2.08 EPS for the current year.
In related news, Director William B. Sechrest sold 1,286 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total transaction of $29,809.48. Following the completion of the transaction, the director now owns 39,098 shares in the company, valued at $906,291.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
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Tailored Brands Profile
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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