Paradigm Capital Management Inc. NY Trims Position in Tailored Brands Inc (TLRD)
Paradigm Capital Management Inc. NY trimmed its stake in Tailored Brands Inc (NYSE:TLRD) by 33.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,825 shares of the company’s stock after selling 30,000 shares during the quarter. Paradigm Capital Management Inc. NY’s holdings in Tailored Brands were worth $1,327,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Tailored Brands by 19.5% in the second quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock worth $121,225,000 after acquiring an additional 1,770,480 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Tailored Brands by 45.5% in the fourth 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 period. State Street Corp grew its position 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 valued at $17,960,000 after purchasing an additional 173,842 shares during the period. Northern Trust Corp grew its position in shares of Tailored Brands by 1.2% in the second quarter. Northern Trust Corp now owns 609,408 shares of the company’s stock valued at $6,801,000 after purchasing an additional 7,291 shares during the period. Finally, SG Capital Management LLC purchased a new stake in shares of Tailored Brands in the fourth quarter valued at $9,633,000.
Tailored Brands Inc (TLRD) opened at $21.59 on Monday. The company has a market capitalization of $1,063.16, a PE ratio of 10.96, a price-to-earnings-growth ratio of 0.59 and a beta of 1.99. Tailored Brands Inc has a one year low of $9.40 and a one year high of $26.03. The company has a debt-to-equity ratio of -97.85, a quick ratio of 0.52 and a current ratio of 2.48.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, March 16th. Tailored Brands’s dividend payout ratio is presently 52.94%.
In other Tailored Brands news, Director William B. Sechrest sold 1,286 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total transaction of $29,809.48. Following the transaction, the director now owns 39,098 shares in the company, valued at $906,291.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
TLRD has been the subject of a number of recent analyst reports. Zacks Investment Research raised Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, December 1st. BidaskClub raised Tailored Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, B. Riley reaffirmed a “buy” rating on shares of Tailored Brands in a research report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Tailored Brands presently has an average rating of “Hold” and a consensus price target of $17.71.
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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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