Arizona State Retirement System lifted its holdings in shares of Tailored Brands Inc (NYSE:TLRD) by 225.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,684 shares of the company’s stock after buying an additional 57,273 shares during the period. Arizona State Retirement System owned approximately 0.17% of Tailored Brands worth $1,805,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Trexquant Investment LP lifted its position in Tailored Brands by 433.9% in the third quarter. Trexquant Investment LP now owns 98,095 shares of the company’s stock worth $1,416,000 after purchasing an additional 79,723 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Tailored Brands by 22.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 38,483 shares of the company’s stock worth $556,000 after purchasing an additional 6,982 shares during the period. Public Employees Retirement System of Ohio lifted its position in Tailored Brands by 2,705.9% in the third quarter. Public Employees Retirement System of Ohio now owns 49,104 shares of the company’s stock worth $709,000 after purchasing an additional 47,354 shares during the period. 1492 Capital Management LLC lifted its position in Tailored Brands by 63.3% in the third quarter. 1492 Capital Management LLC now owns 63,566 shares of the company’s stock worth $918,000 after purchasing an additional 24,633 shares during the period. Finally, Northern Trust Corp lifted its position in Tailored Brands by 1.2% in the second quarter. Northern Trust Corp now owns 609,408 shares of the company’s stock worth $6,801,000 after purchasing an additional 7,291 shares during the period.
In other news, Director William B. Sechrest sold 1,286 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total transaction of $29,809.48. Following the completion of the sale, the director now owns 39,098 shares in the company, valued at approximately $906,291.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Shares of Tailored Brands Inc (TLRD) opened at $23.44 on Tuesday. The firm has a market capitalization of $1,150.00, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.93. The company has a debt-to-equity ratio of -97.85, a current ratio of 2.48 and a quick ratio of 0.52. Tailored Brands Inc has a 52-week low of $9.40 and a 52-week high of $26.03.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.07%. Tailored Brands’s dividend payout ratio (DPR) is presently 52.94%.
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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