Tailored Brands (NYSE:TLRD) shares reached a new 52-week high and low during trading on Thursday . The company traded as low as $30.64 and last traded at $30.48, with a volume of 210936 shares traded. The stock had previously closed at $29.84.
A number of research analysts have recently commented on TLRD shares. ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.33.
The company has a current ratio of 2.51, a quick ratio of 0.59 and a debt-to-equity ratio of 634.61. The stock has a market capitalization of $1,447.74, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.33%. Tailored Brands’s payout ratio is currently 32.73%.
In related news, Director Rinaldo S. Brutoco sold 6,260 shares of the company’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $28.55, for a total value of $178,723.00. Following the sale, the director now directly owns 44,065 shares of the company’s stock, valued at $1,258,055.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas Scott Ewert sold 55,005 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 77,265 shares of company stock worth $1,929,261 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TLRD. Crossmark Global Holdings Inc. acquired a new stake in Tailored Brands in the fourth quarter valued at $205,000. MANA Advisors LLC bought a new stake in Tailored Brands during the fourth quarter valued at $266,000. Two Sigma Advisers LP bought a new stake in Tailored Brands during the fourth quarter valued at $269,000. Teacher Retirement System of Texas bought a new stake in Tailored Brands during the fourth quarter valued at $329,000. Finally, MetLife Investment Advisors LLC bought a new stake in Tailored Brands during the fourth quarter valued at $490,000.
About Tailored Brands
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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