Goldman Sachs Group Inc. Decreases Position 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 Form 13F filing with the SEC. The fund owned 184,099 shares of the company’s stock after selling 238,395 shares during the period. Goldman Sachs Group Inc. owned 0.38% of Tailored Brands worth $2,750,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TLRD. State of New Jersey Common Pension Fund D raised its stake in shares of Tailored Brands by 8.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 65,000 shares of the company’s stock worth $971,000 after buying an additional 5,000 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock valued at $151,000 after buying an additional 3,626 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Tailored Brands by 126.0% in the first quarter. Acadian Asset Management LLC now owns 176,690 shares of the company’s stock valued at $2,639,000 after buying an additional 98,509 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Tailored Brands by 85.6% in the first quarter. Nationwide Fund Advisors now owns 214,761 shares of the company’s stock valued at $3,209,000 after buying an additional 99,032 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of Tailored Brands during the first quarter valued at approximately $1,304,000.

Tailored Brands Inc (NASDAQ:TLRD) opened at 10.51 on Friday. The firm’s 50-day moving average is $11.57 and its 200-day moving average is $14.07. Tailored Brands Inc has a 12 month low of $9.40 and a 12 month high of $28.76. The firm has a market cap of $515.49 million and a PE ratio of 20.37.

Tailored Brands (NASDAQ:TLRD) last released its earnings results on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million for the quarter, compared to analyst estimates of $793.27 million. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. Equities analysts expect that Tailored Brands Inc will post $1.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Monday, September 11th.

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

In related news, Director Dinesh S. Lathi sold 3,200 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $10.86, for a total value of $34,752.00. Following the sale, the director now directly owns 22,757 shares of the company’s stock, valued at $247,141.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jack Calandra acquired 10,000 shares of Tailored Brands stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the completion of the purchase, the chief financial officer now directly owns 31,026 shares of the company’s stock, 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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