Canada Pension Plan Investment Board Increases Position in Tailored Brands Inc (TLRD)

Canada Pension Plan Investment Board boosted its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 502.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 181,300 shares of the company’s stock after buying an additional 151,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Tailored Brands were worth $2,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its position in Tailored Brands by 21.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 38,152 shares of the company’s stock worth $975,000 after buying an additional 6,651 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Tailored Brands by 15.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,361,288 shares of the company’s stock worth $34,781,000 after buying an additional 184,293 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Tailored Brands during the fourth quarter worth $343,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Tailored Brands by 25.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 665,150 shares of the company’s stock worth $10,443,000 after buying an additional 134,575 shares in the last quarter. Finally, Highbridge Capital Management LLC raised its position in Tailored Brands by 850.6% in the third quarter. Highbridge Capital Management LLC now owns 118,002 shares of the company’s stock worth $1,852,000 after buying an additional 105,589 shares in the last quarter.

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

Tailored Brands Inc (NASDAQ:TLRD) opened at 10.61 on Friday. Tailored Brands Inc has a 12 month low of $10.50 and a 12 month high of $28.76. The company’s 50-day moving average is $12.63 and its 200 day moving average is $18.52. The firm has a market cap of $517.59 million and a price-to-earnings ratio of 20.80.

Tailored Brands (NASDAQ:TLRD) last announced its earnings results 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 the consensus estimate of $811.36 million. During the same period last year, the firm posted ($0.30) EPS. Tailored Brands’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts predict that Tailored Brands Inc will post $1.80 earnings per share for the current year.

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A number of research firms have recently weighed in on TLRD. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, March 3rd. Mizuho lowered shares of Tailored Brands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $18.00 in a research report on Thursday, March 9th. Wunderlich reissued a “buy” rating and issued a $30.00 price objective on shares of Tailored Brands in a research report on Monday, March 6th. TheStreet raised shares of Tailored Brands from a “d” rating to a “c” rating in a research report on Wednesday, March 8th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price objective (down previously from $24.00) on shares of Tailored Brands in a research report on Saturday, March 11th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Tailored Brands presently has an average rating of “Buy” and a consensus target price of $19.00.

In related news, major shareholder Eminence Capital, Lp sold 7,256,678 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $12.20, for a total transaction of $88,531,471.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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.

12 Month Chart for NASDAQ:TLRD

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