Eminence Capital Reduces Men's Wearhouse Stake ~ market folly

Wednesday, June 10, 2015

Eminence Capital Reduces Men's Wearhouse Stake

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13D with the SEC regarding its position in Men's Wearhouse (MW).  Per the filing, Eminence now owns 6.6% of the company with over 3.2 million shares.

This is a decrease from the end of the first quarter when they owned over 4.2 million MW shares.  The filing notes they sold the bulk of shares on June 5th at $57.97.

Eminence also recently disclosed a Yelp position.

Per Google Finance, Men's Wearhouse is "a specialty retailer of men's suits and a provider of tuxedo rental product in the United States and Canada. It operates in two segments: retail, which offers its products and services through its four retail merchandising brands and Internet Websites. The Company's corporate apparel segment provides corporate clothing uniforms and work wear to workforces."

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