Insider Selling: Tailored Brands Inc (TLRD) CEO Sells 55,005 Shares of Stock

Tailored Brands Inc (NYSE:TLRD) CEO Douglas Scott Ewert sold 55,005 shares of the business’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. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Tailored Brands Inc (TLRD) traded up $1.56 during trading hours on Monday, reaching $24.46. 2,063,414 shares of the company’s stock traded hands, compared to its average volume of 1,211,995. 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 Inc has a 52 week low of $9.40 and a 52 week high of $26.03. The firm has a market cap of $1,127.67, a P/E ratio of 12.09, a P/E/G ratio of 0.57 and a beta of 1.94.

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The company also recently announced 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 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, March 16th. Tailored Brands’s dividend payout ratio (DPR) is currently 36.55%.

A number of large investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. acquired a new position in shares of Tailored Brands in the fourth quarter worth $205,000. MANA Advisors LLC acquired a new position in shares of Tailored Brands in the fourth quarter worth $266,000. Two Sigma Advisers LP acquired a new position in shares of Tailored Brands in the fourth quarter worth $269,000. PEAK6 Investments L.P. acquired a new position in shares of Tailored Brands in the third quarter worth $199,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Tailored Brands in the fourth quarter worth $329,000.

TLRD has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, December 1st. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.33.

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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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