Alps Advisors Inc. Has $468,000 Holdings in Tailored Brands Inc (TLRD)

Alps Advisors Inc. grew its position in shares of Tailored Brands Inc (NYSE:TLRD) by 42.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 59,638 shares of the company’s stock after buying an additional 17,875 shares during the quarter. Alps Advisors Inc.’s holdings in Tailored Brands were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Investors Research Corp bought a new stake in shares of Tailored Brands in the 1st quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tailored Brands by 49.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,637 shares of the company’s stock worth $50,000 after purchasing an additional 1,206 shares during the period. Neuburgh Advisers LLC raised its holdings in shares of Tailored Brands by 17.4% in the 4th quarter. Neuburgh Advisers LLC now owns 5,600 shares of the company’s stock worth $76,000 after purchasing an additional 832 shares during the period. SG Americas Securities LLC bought a new stake in shares of Tailored Brands in the 1st quarter worth approximately $81,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of Tailored Brands in the 1st quarter worth approximately $93,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:TLRD opened at $7.42 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 0.37 and a debt-to-equity ratio of 317.61. The company has a market capitalization of $398.94 million, a P/E ratio of 3.21 and a beta of 1.70. Tailored Brands Inc has a 12 month low of $7.36 and a 12 month high of $35.94.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The company had revenue of $785.76 million for the quarter, compared to analysts’ expectations of $801.24 million. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Tailored Brands Inc will post 1.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a yield of 9.70%. Tailored Brands’s payout ratio is 31.17%.

In other Tailored Brands news, CAO Brian T. Vaclavik bought 4,250 shares of the stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $8.16 per share, with a total value of $34,680.00. Following the acquisition, the chief accounting officer now directly owns 19,699 shares of the company’s stock, valued at approximately $160,743.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Carrie Ann Ask bought 13,500 shares of the stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $7.41 per share, for a total transaction of $100,035.00. Following the acquisition, the insider now directly owns 20,962 shares in the company, valued at $155,328.42. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

A number of research firms recently commented on TLRD. Zacks Investment Research raised shares of Tailored Brands from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. B. Riley cut shares of Tailored Brands from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $11.00 in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.00.

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Tailored Brands Company Profile

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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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).

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

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