Tailored Brands Inc (NASDAQ:TLRD) Stake Cut by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Tailored Brands Inc (NASDAQ:TLRD) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,421 shares of the company’s stock after selling 34,077 shares during the period. Geode Capital Management LLC owned about 0.74% of Tailored Brands worth $5,429,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Tailored Brands by 55.6% in the first quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock worth $135,834,000 after buying an additional 3,248,995 shares in the last quarter. Menta Capital LLC acquired a new position in Tailored Brands during the first quarter worth approximately $229,000. Schneider Capital Management Corp acquired a new position in Tailored Brands during the first quarter worth approximately $3,137,000. Thrivent Financial For Lutherans raised its position in Tailored Brands by 4.9% in the first quarter. Thrivent Financial For Lutherans now owns 27,730 shares of the company’s stock worth $414,000 after buying an additional 1,290 shares in the last quarter. Finally, Laurion Capital Management LP raised its position in Tailored Brands by 33.9% in the first quarter. Laurion Capital Management LP now owns 24,500 shares of the company’s stock worth $366,000 after buying an additional 6,200 shares in the last quarter.

Tailored Brands Inc (NASDAQ TLRD) traded down 0.79% during midday trading on Friday, hitting $11.30. The stock had a trading volume of 1,332,251 shares. Tailored Brands Inc has a 52 week low of $9.40 and a 52 week high of $28.76. The company has a market capitalization of $554.24 million and a PE ratio of 21.90. The company’s 50-day moving average price is $11.51 and its 200 day moving average price is $14.40.

Tailored Brands (NASDAQ:TLRD) last announced its earnings results on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million for the quarter, compared to the consensus estimate of $793.27 million. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. On average, analysts expect that Tailored Brands Inc will post $1.79 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Monday, September 11th.

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A number of research firms have commented on TLRD. Zacks Investment Research lowered Tailored Brands from a “buy” rating to a “hold” rating in a research note on Wednesday. FBR & Co reissued an “outperform” rating and issued a $16.00 price objective on shares of Tailored Brands in a research note on Tuesday, July 11th. ValuEngine lowered Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Cowen and Company reduced their price objective on Tailored Brands from $23.00 to $12.00 and set a “market perform” rating on the stock in a research note on Friday, June 9th. Finally, TheStreet raised Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.00.

In related news, Director Dinesh S. Lathi sold 3,200 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $10.86, for a total transaction of $34,752.00. Following the completion of the transaction, the director now directly owns 22,757 shares of the company’s stock, valued at approximately $247,141.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jack Calandra bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of $9.50 per share, with a total value of $95,000.00. Following the completion of the transaction, the chief financial officer now owns 31,026 shares in the company, valued at $294,747. The disclosure for this purchase can be found here.

Tailored Brands Company Profile

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.

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

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