Tailored Brands Inc (NYSE:TLRD) reached a new 52-week high and low on Friday . The stock traded as low as $28.79 and last traded at $28.62, with a volume of 475355 shares traded. The stock had previously closed at $28.22.
TLRD has been the subject of several analyst reports. Zacks Investment Research lowered Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, March 9th. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Tailored Brands has an average rating of “Buy” and a consensus price target of $18.33.
The firm has a market capitalization of $1,389.64, a P/E ratio of 12.87, a P/E/G ratio of 0.70 and a beta of 1.76. The company has a quick ratio of 0.59, a current ratio of 2.51 and a debt-to-equity ratio of 634.61.
In other news, CEO Douglas Scott Ewert sold 55,005 shares of the company’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $23.66, for a total transaction of $1,301,418.30. Following the completion of the transaction, the chief executive officer now directly owns 326,850 shares in the company, valued at $7,733,271. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund raised its stake in shares of Tailored Brands by 6.8% in the third quarter. New York State Common Retirement Fund now owns 77,329 shares of the company’s stock valued at $1,117,000 after purchasing an additional 4,923 shares in the last quarter. Ellington Management Group LLC raised its stake in shares of Tailored Brands by 4.6% in the fourth quarter. Ellington Management Group LLC now owns 144,700 shares of the company’s stock valued at $3,159,000 after purchasing an additional 6,300 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Tailored Brands by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,400 shares of the company’s stock valued at $266,000 after purchasing an additional 6,810 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Tailored Brands by 5.9% in the fourth quarter. Bowling Portfolio Management LLC now owns 142,021 shares of the company’s stock valued at $3,100,000 after purchasing an additional 7,858 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Tailored Brands in the fourth quarter valued at $205,000.
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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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