Paradigm Capital Management Inc. NY Acquires Shares of 60,825 Tailored Brands Inc (TLRD)
Paradigm Capital Management Inc. NY acquired a new stake in shares of Tailored Brands Inc (NYSE:TLRD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 60,825 shares of the company’s stock, valued at approximately $1,552,000. Paradigm Capital Management Inc. NY owned about 0.12% of Tailored Brands at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. James Investment Research Inc. purchased a new position in Tailored Brands during the second quarter valued at $3,309,000. Hartford Investment Management Co. purchased a new position in shares of Tailored Brands in the second quarter worth $305,000. BNP Paribas Arbitrage SA raised its stake in shares of Tailored Brands by 249.1% in the second quarter. BNP Paribas Arbitrage SA now owns 118,124 shares of the company’s stock worth $3,015,000 after purchasing an additional 84,291 shares during the last quarter. Affinity Investment Advisors LLC purchased a new position in shares of Tailored Brands in the second quarter worth $318,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Tailored Brands in the first quarter worth $3,133,000. Institutional investors and hedge funds own 99.41% of the company’s stock.
TLRD stock opened at $21.57 on Friday. Tailored Brands Inc has a 1-year low of $10.00 and a 1-year high of $35.94. The company has a debt-to-equity ratio of -34.32, a current ratio of 1.97 and a quick ratio of 0.45. The firm has a market capitalization of $1.10 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.55 and a beta of 1.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Monday, September 17th. Tailored Brands’s dividend payout ratio is currently 32.73%.
In related news, Director Dinesh S. Lathi sold 3,000 shares of Tailored Brands stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $27.09, for a total value of $81,270.00. Following the completion of the sale, the director now owns 19,757 shares of the company’s stock, valued at $535,217.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.
Several research analysts have recently weighed in on TLRD shares. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Wednesday, May 30th. Jefferies Financial Group upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Finally, ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.33.
About Tailored Brands
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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