Goldman Sachs Group Inc. Reduces Stake in Tailored Brands Inc (NASDAQ:TLRD)

Goldman Sachs Group Inc. reduced its stake in shares of Tailored Brands Inc (NASDAQ:TLRD) by 56.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 184,099 shares of the company’s stock after selling 238,395 shares during the period. Goldman Sachs Group Inc. owned approximately 0.38% of Tailored Brands worth $2,750,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of Tailored Brands by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the company’s stock valued at $297,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Tailored Brands by 1.2% in the first quarter. Arizona State Retirement System now owns 25,411 shares of the company’s stock valued at $380,000 after buying an additional 300 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Tailored Brands by 4.5% in the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock valued at $153,000 after buying an additional 442 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Tailored Brands by 7.1% in the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock valued at $170,000 after buying an additional 757 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Tailored Brands by 3.8% in the first quarter. Creative Planning now owns 27,521 shares of the company’s stock valued at $411,000 after buying an additional 1,000 shares during the last quarter.

Shares of Tailored Brands Inc (NASDAQ:TLRD) traded down 0.79% during mid-day trading on Friday, hitting $11.30. The company 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 firm has a 50-day moving average price of $11.51 and a 200-day moving average price of $14.40. The firm has a market capitalization of $554.24 million and a PE ratio of 21.90.

Tailored Brands (NASDAQ:TLRD) last posted its quarterly earnings data on Friday, June 9th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million during the quarter, compared to analysts’ expectations of $793.27 million. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. Equities analysts forecast that Tailored Brands Inc will post $1.79 earnings per share for the current year.

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

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Several equities research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price target on shares of Tailored Brands in a research note on Friday, May 5th. Deutsche Bank AG increased their price target on Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, May 5th. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. FBR & Co reissued an “outperform” rating and issued a $16.00 price target on shares of Tailored Brands in a research note on Tuesday, July 11th. Finally, Johnson Rice raised Tailored Brands from an “accumulate” rating to a “buy” rating in a research note on Thursday, May 4th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Tailored Brands currently has an average rating of “Hold” and an average target price of $17.00.

In other Tailored Brands news, Director Dinesh S. Lathi sold 3,200 shares of the stock in a transaction dated Thursday, June 29th. The shares were 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 owns 22,757 shares of the company’s stock, valued at approximately $247,141.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jack Calandra purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of $9.50 per share, with a total value of $95,000.00. Following the acquisition, the chief financial officer now owns 31,026 shares in the company, valued at approximately $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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