Boston Partners trimmed its holdings in shares of Tailored Brands (NYSE:TLRD) by 6.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,724 shares of the company’s stock after selling 12,059 shares during the period. Boston Partners owned 0.34% of Tailored Brands worth $4,153,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in TLRD. Crossmark Global Holdings Inc. acquired a new stake in Tailored Brands during the 4th quarter valued at $205,000. MANA Advisors LLC acquired a new stake in Tailored Brands during the 4th quarter valued at $266,000. Two Sigma Advisers LP acquired a new stake in Tailored Brands during the 4th quarter valued at $269,000. Parametrica Management Ltd acquired a new stake in Tailored Brands during the 1st quarter valued at $286,000. Finally, Teacher Retirement System of Texas acquired a new stake in Tailored Brands during the 4th quarter valued at $329,000.
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 $27.00 price target for the company in a report on Wednesday, March 7th. ValuEngine raised Tailored Brands from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Jefferies Group raised Tailored Brands from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.80.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Tuesday, June 19th will be given a $0.18 dividend. The ex-dividend date is Monday, June 18th. This represents a $0.72 dividend on an annualized basis and a 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 stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rinaldo S. Brutoco sold 6,260 shares of the 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 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. Insiders sold a total of 77,265 shares of company stock worth $1,929,261 over the last quarter. Corporate insiders own 2.40% of the company’s stock.
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.
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