Boston Partners Sells 12,059 Shares of Tailored Brands (TLRD)

Boston Partners reduced its stake in Tailored Brands (NYSE:TLRD) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,724 shares of the company’s stock after selling 12,059 shares during the period. Boston Partners’ holdings in Tailored Brands were worth $4,153,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Tailored Brands by 2.6% in the 4th quarter. BlackRock Inc. now owns 6,160,348 shares of the company’s stock worth $134,481,000 after purchasing an additional 157,597 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Tailored Brands by 45.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,853,108 shares of the company’s stock worth $40,453,000 after purchasing an additional 579,626 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Tailored Brands by 11.7% in the 4th quarter. Bank of New York Mellon Corp now owns 880,139 shares of the company’s stock worth $19,214,000 after purchasing an additional 92,516 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Tailored Brands by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 670,678 shares of the company’s stock worth $14,640,000 after purchasing an additional 209,343 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Tailored Brands by 335.3% in the 4th quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock worth $14,112,000 after purchasing an additional 497,921 shares during the last quarter.

In related news, Director Rinaldo S. Brutoco sold 6,260 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $28.55, for a total transaction of $178,723.00. Following the sale, the director now owns 44,065 shares of the company’s stock, valued at approximately $1,258,055.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas Scott Ewert sold 55,005 shares of the firm’s 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 sale, the chief executive officer now directly owns 326,850 shares in the company, valued at approximately $7,733,271. The disclosure for this sale can be found here. Insiders have sold a total of 77,265 shares of company stock worth $1,929,261 in the last ninety days. 2.40% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on TLRD shares. ValuEngine lowered Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research lowered Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Jefferies Group upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.80.

Shares of Tailored Brands opened at $34.47 on Friday, MarketBeat reports. The firm has a market cap of $1.71 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.72. Tailored Brands has a 12 month low of $34.35 and a 12 month high of $34.86. The company has a debt-to-equity ratio of 634.61, a quick ratio of 0.59 and a current ratio of 2.51.

The firm 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. This represents a $0.72 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, June 18th. Tailored Brands’s payout ratio is presently 32.73%.

Tailored Brands Profile

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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Institutional Ownership by Quarter for Tailored Brands (NYSE:TLRD)

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