Tailored Brands (NYSE:TLRD) Director Rinaldo S. Brutoco sold 6,260 shares of the company’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $28.55, for a total transaction of $178,723.00. Following the sale, the director now directly owns 44,065 shares of the company’s stock, valued at approximately $1,258,055.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Tailored Brands stock opened at $30.04 on Thursday. Tailored Brands has a 1-year low of $9.40 and a 1-year high of $30.50. The company has a quick ratio of 0.59, a current ratio of 2.51 and a debt-to-equity ratio of 634.61. The company has a market cap of $1,425.59, a PE ratio of 13.65, a PEG ratio of 0.72 and a beta of 1.76.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, June 18th. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, March 20th. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.33.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Tailored Brands by 2.6% during the 4th quarter. BlackRock Inc. now owns 6,160,348 shares of the company’s stock worth $134,481,000 after acquiring an additional 157,597 shares during the period. Frontier Capital Management Co. LLC lifted its stake 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 purchasing an additional 579,626 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Tailored Brands by 11.7% in the 4th quarter. Bank of New York Mellon Corp now owns 880,139 shares of the company’s stock valued at $19,214,000 after purchasing an additional 92,516 shares during the last quarter. Geode Capital Management LLC lifted its stake in Tailored Brands by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 670,678 shares of the company’s stock valued at $14,640,000 after purchasing an additional 209,343 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Tailored Brands by 335.3% in the 4th quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock valued at $14,112,000 after purchasing an additional 497,921 shares during the last quarter.
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Tailored Brands Company Profile
Tailored Brands, Inc operates as a specialty apparel retailer in the United States, Puerto Rico, and Canada. The company operates in two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, dress pants, ties, shoes, and accessories for men in classic, modern, and slim fits in various sizes; and a selection of tuxedo and suit rental products.
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