Comerica Bank increased its position in Tailored Brands Inc (NASDAQ:TLRD) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 51,842 shares of the company’s stock after buying an additional 2,819 shares during the period. Comerica Bank owned 0.11% of Tailored Brands worth $1,107,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of TLRD. First Mercantile Trust Co. acquired a new stake in Tailored Brands during the third quarter worth approximately $142,000. FineMark National Bank & Trust raised its stake in shares of Tailored Brands by 2.2% in the third quarter. FineMark National Bank & Trust now owns 9,224 shares of the company’s stock worth $145,000 after buying an additional 199 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Tailored Brands by 1.8% in the third quarter. Bank of Montreal Can now owns 9,763 shares of the company’s stock worth $153,000 after buying an additional 177 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Tailored Brands by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,810 shares of the company’s stock worth $170,000 after buying an additional 180 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Tailored Brands during the third quarter worth about $191,000.
Tailored Brands Inc (NASDAQ:TLRD) traded down 0.24% during mid-day trading on Friday, reaching $12.58. The company had a trading volume of 560,573 shares. Tailored Brands Inc has a 12-month low of $10.90 and a 12-month high of $28.76. The stock has a 50-day moving average of $15.37 and a 200 day moving average of $19.09. The company has a market capitalization of $613.69 million and a price-to-earnings ratio of 24.67.
Tailored Brands (NASDAQ:TLRD) last released its quarterly earnings data on Wednesday, March 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.07. The business had revenue of $793 million for the quarter, compared to analyst estimates of $811.36 million. During the same period in the previous year, the business earned ($0.30) earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. On average, analysts expect that Tailored Brands Inc will post $1.72 EPS for the current year.
A number of brokerages recently issued reports on TLRD. Jefferies Group LLC set a $19.00 target price on Tailored Brands and gave the company a “hold” rating in a research report on Monday, April 10th. Mizuho lowered Tailored Brands from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $18.00 in a research report on Thursday, March 9th. Zacks Investment Research lowered Tailored Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Wunderlich reaffirmed a “buy” rating and set a $30.00 price target on shares of Tailored Brands in a research report on Monday, March 6th. Finally, TheStreet upgraded Tailored Brands from a “d” rating to a “c” rating in a research note on Wednesday, March 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Tailored Brands presently has a consensus rating of “Hold” and an average price target of $22.00.
In other Tailored Brands news, major shareholder Eminence Capital, Lp purchased 1,110,000 shares of the stock in a transaction that occurred on Monday, January 30th. The stock was purchased at an average price of $20.00 per share, with a total value of $22,200,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Tailored Brands Company 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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