Tailored Brands Inc (NYSE:TLRD) announced a quarterly dividend on Tuesday, February 5th, Wall Street Journal reports. Shareholders of record on Tuesday, March 19th will be paid a dividend of 0.18 per share on Friday, March 29th. This represents a $0.72 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Monday, March 18th.

Tailored Brands has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tailored Brands to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 29.3%.

Shares of NYSE:TLRD opened at $8.81 on Friday. The company has a market cap of $601.15 million, a PE ratio of 4.00, a PEG ratio of 0.30 and a beta of 1.77. The company has a debt-to-equity ratio of 123.20, a quick ratio of 0.39 and a current ratio of 1.94. Tailored Brands has a 12 month low of $8.61 and a 12 month high of $35.94.

Tailored Brands (NYSE:TLRD) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.01. The business had revenue of $785.76 million for the quarter, compared to analyst estimates of $801.24 million. Tailored Brands had a negative return on equity of 2,056.23% and a net margin of 2.31%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. Analysts expect that Tailored Brands will post 2.29 EPS for the current fiscal year.

In related news, EVP A Alexander Rhodes acquired 3,804 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was purchased at an average cost of $13.14 per share, for a total transaction of $49,984.56. Following the transaction, the executive vice president now directly owns 60,964 shares of the company’s stock, valued at approximately $801,066.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jack Calandra acquired 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The shares were bought at an average price of $13.43 per share, with a total value of $100,725.00. Following the completion of the transaction, the chief financial officer now directly owns 76,064 shares in the company, valued at $1,021,539.52. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Several brokerages have recently commented on TLRD. B. Riley began coverage on Tailored Brands in a research note on Tuesday, December 18th. They set a “buy” rating and a $20.00 price target on the stock. Citigroup began coverage on Tailored Brands in a research note on Thursday, December 20th. They set a “market weight” rating on the stock. Zacks Investment Research lowered Tailored Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, Deutsche Bank set a $24.00 price target on Tailored Brands and gave the stock a “hold” rating in a research note on Thursday, December 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Tailored Brands currently has a consensus rating of “Hold” and a consensus price target of $20.00.

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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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Dividend History for Tailored Brands (NYSE:TLRD)

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