Guess Who Just Picked Up Tailored Brands Inc. (NYSE:TLRD) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tailored Brands Inc. (NYSE:TLRD) reported that Park West Asset Management has picked up 872,100 of common stock as of 2017-02-21.

The acquisition brings the aggregate amount owned by Park West Asset Management to a total of 872,100 representing a 1.8% stake in the company.

For those not familiar with the company, 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. The Retail segment includes over four retail merchandising brands: Men’s Wearhouse/Men’s Wearhouse and Tux, Jos. A. Bank, Moores, and K&G. Specialty apparel merchandise offered by its retail merchandising concepts include suits, suit separates, sport coats, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men. Women’s career apparel, sportswear and accessories, such as shoes and children’s apparel, are offered at its K&G stores. The Corporate Apparel segment includes corporate apparel and uniform operations conducted by Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.

A glance at Tailored Brands Inc. (NYSE:TLRD)’s key stats reveals a current market capitalization of 1.13 billion based on 48.74 million shares outstanding and a price at last close of $22.85 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-01-30, Eminence picked up 1,110,000 at a purchase price of $20.00. This brings their total holding to 7,253,578 as of the date of the filing.

On the sell side, the most recent transaction saw Becker unload 2,723 shares at a sale price of $26.18. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tailored Brands Inc. (NYSE:TLRD) as things move forward to see if its progress aligns with these transactions.

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