Wells Fargo & Company MN lifted its holdings in shares of Tailored Brands Inc (NYSE:TLRD) by 335.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,429 shares of the company’s stock after buying an additional 497,921 shares during the quarter. Wells Fargo & Company MN owned approximately 1.31% of Tailored Brands worth $14,112,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Frontier Capital Management Co. LLC grew its holdings in Tailored Brands by 45.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,853,108 shares of the company’s stock valued at $40,453,000 after buying an additional 579,626 shares in the last quarter. State Street Corp grew its holdings in shares of Tailored Brands by 12.1% during the 2nd quarter. State Street Corp now owns 1,609,301 shares of the company’s stock worth $17,960,000 after purchasing an additional 173,842 shares during the period. SG Capital Management LLC purchased a new position in shares of Tailored Brands during the 4th quarter worth $9,633,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Tailored Brands by 22.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 416,791 shares of the company’s stock worth $6,019,000 after purchasing an additional 75,032 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Tailored Brands by 948.8% during the 3rd quarter. American Century Companies Inc. now owns 359,219 shares of the company’s stock worth $5,187,000 after purchasing an additional 324,969 shares during the period.
NYSE:TLRD opened at $28.31 on Friday. The company 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 company has a current ratio of 2.51, a quick ratio of 0.59 and a debt-to-equity ratio of 634.61. Tailored Brands Inc has a 52-week low of $9.40 and a 52-week high of $28.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Tuesday, June 19th will be paid a $0.18 dividend. The ex-dividend date is Monday, June 18th. This represents a $0.72 annualized dividend and a dividend yield of 2.54%. Tailored Brands’s dividend payout ratio (DPR) is currently 32.73%.
In other Tailored Brands news, CEO Douglas Scott Ewert sold 55,005 shares of Tailored Brands stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $23.66, for a total value of $1,301,418.30. Following the transaction, the chief executive officer now directly owns 326,850 shares in the company, valued at approximately $7,733,271. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. ValuEngine raised Tailored Brands from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Tailored Brands presently has a consensus rating of “Buy” and a consensus target price of $18.33.
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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.
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