Tailored Brands Inc (NYSE:TLRD) Short Interest Update

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Tailored Brands Inc (NYSE:TLRD) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 18,951,000 shares, an increase of 9.5% from the May 30th total of 17,311,500 shares. Currently, 38.8% of the company’s stock are short sold. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is currently 7.5 days.

Several hedge funds have recently modified their holdings of TLRD. BlackRock Inc. increased its holdings in Tailored Brands by 0.5% in the 4th quarter. BlackRock Inc. now owns 7,127,298 shares of the company’s stock worth $97,216,000 after buying an additional 36,126 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Tailored Brands by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,026,607 shares of the company’s stock worth $14,003,000 after purchasing an additional 79,857 shares during the last quarter. Texas Permanent School Fund boosted its position in Tailored Brands by 4.2% in the fourth quarter. Texas Permanent School Fund now owns 32,663 shares of the company’s stock worth $446,000 after purchasing an additional 1,329 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Tailored Brands by 4.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 66,700 shares of the company’s stock worth $841,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Tailored Brands by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,233,858 shares of the company’s stock worth $16,831,000 after purchasing an additional 45,217 shares during the last quarter. 99.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of TLRD stock opened at $6.10 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.39 and a debt-to-equity ratio of 317.61. Tailored Brands has a one year low of $5.03 and a one year high of $28.78. The stock’s 50-day moving average is $5.71. The company has a market capitalization of $308.17 million, a PE ratio of 3.03 and a beta of 1.93.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, June 12th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. Tailored Brands had a net margin of 2.39% and a return on equity of 4,518.17%. The business had revenue of $781.40 million for the quarter, compared to analysts’ expectations of $776.22 million. During the same quarter last year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts expect that Tailored Brands will post 1.69 earnings per share for the current fiscal year.

Several brokerages have recently commented on TLRD. B. Riley set a $18.00 price target on shares of TiVo and gave the stock a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research raised shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Tailored Brands presently has a consensus rating of “Hold” and an average target price of $19.67.

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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