Geode Capital Management LLC reduced its stake in Tailored Brands Inc (NASDAQ:TLRD) by 8.6% during the first quarter, Holdings Channel reports. The firm owned 363,421 shares of the company’s stock after selling 34,077 shares during the period. Geode Capital Management LLC’s holdings in Tailored Brands were worth $5,429,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Tailored Brands during the fourth quarter valued at $343,000. Norges Bank acquired a new position in Tailored Brands during the fourth quarter valued at $13,120,000. Teachers Advisors LLC raised its position in Tailored Brands by 0.9% in the fourth quarter. Teachers Advisors LLC now owns 512,406 shares of the company’s stock valued at $13,092,000 after buying an additional 4,472 shares during the period. Creative Planning raised its position in 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 period. Finally, Bank of Montreal Can raised its position in 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 period.

Shares of Tailored Brands Inc (NASDAQ TLRD) traded down 0.79% during mid-day trading on Friday, reaching $11.30. The company had a trading volume of 1,332,251 shares. The company has a market capitalization of $554.24 million and a P/E ratio of 21.90. The firm has a 50-day moving average of $11.51 and a 200-day moving average of $14.40. Tailored Brands Inc has a 12-month low of $9.40 and a 12-month high of $28.76.

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

The firm 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 $0.18 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.37%.

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TLRD has been the subject of several research analyst reports. Johnson Rice raised Tailored Brands from an “accumulate” rating to a “buy” rating in a research report on Thursday, May 4th. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price objective on shares of Tailored Brands in a research report on Friday, May 5th. Deutsche Bank AG lifted their price objective on Tailored Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. Zacks Investment Research raised Tailored Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, ValuEngine raised Tailored Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.00.

In other Tailored Brands news, CFO Jack Calandra bought 10,000 shares of Tailored Brands stock in a transaction dated Wednesday, June 21st. The shares were purchased at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the acquisition, the chief financial officer now directly owns 31,026 shares in the company, valued at approximately $294,747. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dinesh S. Lathi sold 3,200 shares of the business’s stock in a transaction dated 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 sale, the director now owns 22,757 shares in the company, valued at $247,141.02. The disclosure for this sale 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.

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

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