Cubist Systematic Strategies LLC cut its stake in Tailored Brands Inc (NYSE:TLRD) by 40.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,283 shares of the company’s stock after selling 13,145 shares during the period. Cubist Systematic Strategies LLC’s holdings in Tailored Brands were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TLRD. Piedmont Investment Advisors LLC purchased a new position in Tailored Brands in the 2nd quarter worth approximately $118,000. GSA Capital Partners LLP raised its holdings in Tailored Brands by 19.3% in the 2nd quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock worth $142,000 after acquiring an additional 2,053 shares during the last quarter. Frontier Wealth Management LLC purchased a new position in Tailored Brands in the 2nd quarter worth approximately $153,000. UBS Asset Management Americas Inc. raised its holdings in Tailored Brands by 7.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,599 shares of the company’s stock worth $163,000 after acquiring an additional 1,000 shares during the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in Tailored Brands in the 3rd quarter worth approximately $199,000.

A number of equities analysts recently weighed in on TLRD shares. ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, December 1st. B. Riley reaffirmed a “buy” rating on shares of Tailored Brands in a research report on Wednesday, November 1st. Finally, BidaskClub raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.71.

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 value of $29,809.48. Following the completion of the transaction, the director now owns 39,098 shares of the company’s stock, valued at approximately $906,291.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Shares of Tailored Brands Inc (TLRD) traded up $0.50 during mid-day trading on Monday, hitting $25.77. 1,125,057 shares of the stock were exchanged, compared to its average volume of 1,209,550. The company has a market cap of $1,244.37, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 0.74 and a beta of 1.88. The company has a debt-to-equity ratio of -97.85, a quick ratio of 0.52 and a current ratio of 2.48. Tailored Brands Inc has a 12-month low of $9.40 and a 12-month high of $26.03.

Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.21. The company had revenue of $810.80 million during the quarter, compared to the consensus estimate of $807.51 million. Tailored Brands had a net margin of 2.07% and a negative return on equity of 137.16%. Tailored Brands’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. sell-side analysts expect that Tailored Brands Inc will post 2.08 earnings per share for the current fiscal year.

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About Tailored Brands

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.

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

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