Arizona State Retirement System grew its stake in shares of Tailored Brands Inc (NYSE:TLRD) by 225.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 82,684 shares of the company’s stock after acquiring an additional 57,273 shares during the period. Arizona State Retirement System’s holdings in Tailored Brands were worth $1,805,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Frontier Capital Management Co. LLC raised its stake in Tailored Brands by 45.5% during the 4th 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. Wells Fargo & Company MN raised its stake in Tailored Brands by 335.3% during the 4th quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock valued at $14,112,000 after purchasing an additional 497,921 shares during the period. SG Capital Management LLC acquired a new stake in Tailored Brands during the 4th quarter valued at $9,633,000. American Century Companies Inc. raised its stake in Tailored Brands by 948.8% during the 3rd quarter. American Century Companies Inc. now owns 359,219 shares of the company’s stock valued at $5,187,000 after purchasing an additional 324,969 shares during the period. Finally, Monarch Partners Asset Management LLC acquired a new stake in Tailored Brands during the 4th quarter valued at $6,176,000.
In other news, Director William B. Sechrest sold 1,286 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total value of $29,809.48. Following the transaction, the director now directly owns 39,098 shares of the company’s stock, valued at $906,291.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, March 16th. Tailored Brands’s dividend payout ratio (DPR) is presently 52.94%.
Several brokerages have issued reports on TLRD. Zacks Investment Research downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Tailored Brands currently has a consensus rating of “Buy” and a consensus price target of $18.83.
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Tailored Brands Company Profile
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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