Stock Traders Buy High Volume of Tailored Brands Put Options (TLRD)

Tailored Brands Inc (NYSE:TLRD) saw some unusual options trading activity on Wednesday. Investors purchased 4,593 put options on the stock. This represents an increase of 3,433% compared to the typical volume of 130 put options.

A number of equities analysts have weighed in on TLRD shares. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.33.

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Shares of TLRD traded up $0.09 during mid-day trading on Friday, reaching $28.31. The stock had a trading volume of 884,420 shares, compared to its average volume of 1,295,532. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $28.79. The company has a debt-to-equity ratio of 634.61, a current ratio of 2.51 and a quick ratio of 0.59. The firm has a market cap of $1,389.64, a P/E ratio of 12.87, a PEG ratio of 0.70 and a beta of 1.76.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, June 18th. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.

In related news, CEO Douglas Scott Ewert sold 55,005 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $23.66, for a total transaction of $1,301,418.30. Following the completion of the sale, the chief executive officer now directly owns 326,850 shares in the company, valued at $7,733,271. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TLRD. State Street Corp lifted its holdings in shares of Tailored Brands by 12.1% in the second quarter. State Street Corp now owns 1,609,301 shares of the company’s stock worth $17,960,000 after buying an additional 173,842 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Tailored Brands by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 39,160 shares of the company’s stock worth $437,000 after buying an additional 1,249 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Tailored Brands by 20.3% in the third quarter. Nationwide Fund Advisors now owns 262,823 shares of the company’s stock worth $3,795,000 after buying an additional 44,423 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Tailored Brands by 35.8% in the third quarter. Aperio Group LLC now owns 21,329 shares of the company’s stock worth $308,000 after buying an additional 5,621 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Tailored Brands by 22.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 38,483 shares of the company’s stock worth $556,000 after buying an additional 6,982 shares in the last quarter.

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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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