Tailored Brands Inc (TLRD) Stake Increased by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA lifted its holdings in Tailored Brands Inc (NYSE:TLRD) by 68.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,622 shares of the company’s stock after buying an additional 16,934 shares during the period. BNP Paribas Arbitrage SA’s holdings in Tailored Brands were worth $601,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of TLRD. Vanguard Group Inc. boosted its position in Tailored Brands by 19.5% during the second quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock valued at $121,225,000 after purchasing an additional 1,770,480 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Tailored Brands by 102.6% during the second quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock valued at $13,004,000 after buying an additional 590,036 shares in the last quarter. Quantitative Investment Management LLC bought a new position in Tailored Brands during the second quarter valued at about $4,206,000. Fiera Capital Corp raised its holdings in Tailored Brands by 319.4% during the second quarter. Fiera Capital Corp now owns 450,000 shares of the company’s stock valued at $5,022,000 after buying an additional 342,700 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in Tailored Brands during the second quarter valued at about $3,631,000.
Tailored Brands Inc (NYSE:TLRD) traded up $0.28 during trading on Thursday, hitting $17.19. The stock had a trading volume of 2,247,100 shares, compared to its average volume of 1,526,282. The company has a quick ratio of 0.56, a current ratio of 2.74 and a debt-to-equity ratio of -32.83. The company has a market capitalization of $845.67, a price-to-earnings ratio of 8.90, a PEG ratio of 0.56 and a beta of 1.89. Tailored Brands Inc has a twelve month low of $9.40 and a twelve month high of $28.76.
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 firm had revenue of $851.00 million for the quarter, compared to analyst estimates of $868.22 million. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. analysts predict that Tailored Brands Inc will post 1.84 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.72 annualized dividend and a yield of 4.19%. Tailored Brands’s dividend payout ratio is 60.50%.
TLRD has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, December 1st. B. Riley reiterated a “buy” rating on shares of Tailored Brands in a research note on Wednesday, November 1st. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, FBR & Co reiterated a “buy” rating and issued a $16.00 price objective on shares of Tailored Brands in a research note on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Tailored Brands currently has an average rating of “Buy” and an average target price of $17.71.
ILLEGAL ACTIVITY NOTICE: This report was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://theolympiareport.com/2017/12/07/tailored-brands-inc-tlrd-stake-increased-by-bnp-paribas-arbitrage-sa.html.
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.
Want to see what other hedge funds are holding TLRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tailored Brands Inc (NYSE:TLRD).
Receive News & Ratings for Tailored Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tailored Brands Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.