ValuEngine upgraded shares of Tailored Brands (NYSE:TLRD) from a hold rating to a buy rating in a research report sent to investors on Monday morning.
Other analysts have also issued reports about the company. Zacks Investment Research lowered Tailored Brands from a buy rating to a hold rating in a research note on Friday, March 9th. Jefferies Group upgraded Tailored Brands from a hold rating to a buy rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $18.33.
Shares of TLRD opened at $34.48 on Monday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.78 and a beta of 1.72. The company has a debt-to-equity ratio of 634.61, a quick ratio of 0.59 and a current ratio of 2.51. Tailored Brands has a 1 year low of $32.64 and a 1 year high of $35.87.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Tuesday, June 19th will be paid 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 2.09%. Tailored Brands’s payout ratio is 32.73%.
In other Tailored Brands news, CEO Douglas Scott Ewert sold 55,005 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rinaldo S. Brutoco sold 6,260 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $28.55, for a total value of $178,723.00. Following the completion of the transaction, the director now owns 44,065 shares in the company, valued at $1,258,055.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,265 shares of company stock worth $1,929,261. 2.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Growth Management LP bought a new position in Tailored Brands in the 4th quarter worth about $764,000. Private Advisory Group LLC bought a new position in Tailored Brands in the 4th quarter worth about $737,000. SG Capital Management LLC bought a new position in Tailored Brands in the 4th quarter worth about $9,633,000. Shellback Capital LP bought a new position in Tailored Brands in the 4th quarter worth about $1,965,000. Finally, SG Americas Securities LLC bought a new position in Tailored Brands in the 4th quarter worth about $619,000.
About Tailored Brands
Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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