LSV Asset Management lessened its position in shares of Container Store Group Inc (NYSE:TCS) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 553,700 shares of the specialty retailer’s stock after selling 21,852 shares during the period. LSV Asset Management owned 1.13% of Container Store Group worth $2,641,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Container Store Group by 17.9% during the 2nd quarter. Bank of America Corp DE now owns 39,873 shares of the specialty retailer’s stock valued at $335,000 after purchasing an additional 6,064 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Container Store Group during the 4th quarter valued at $32,000. Rhumbline Advisers raised its stake in shares of Container Store Group by 44.6% during the 4th quarter. Rhumbline Advisers now owns 22,543 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 6,953 shares during the period. Teachers Advisors LLC raised its stake in shares of Container Store Group by 28.4% during the 3rd quarter. Teachers Advisors LLC now owns 36,614 shares of the specialty retailer’s stock valued at $406,000 after purchasing an additional 8,091 shares during the period. Finally, Stone Ridge Asset Management LLC raised its stake in shares of Container Store Group by 33.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 49,732 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 12,338 shares during the period. 79.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE TCS opened at $6.64 on Friday. The stock has a market capitalization of $320.86 million, a price-to-earnings ratio of 24.30 and a beta of 2.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.52 and a current ratio of 1.37. Container Store Group Inc has a twelve month low of $4.21 and a twelve month high of $12.42.
Container Store Group (NYSE:TCS) last announced its earnings results on Tuesday, February 5th. The specialty retailer reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The business had revenue of $221.60 million during the quarter, compared to the consensus estimate of $230.55 million. Container Store Group had a return on equity of 5.21% and a net margin of 0.62%. Container Store Group’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Research analysts forecast that Container Store Group Inc will post 0.4 EPS for the current fiscal year.
A number of brokerages have weighed in on TCS. JPMorgan Chase & Co. lowered Container Store Group from a “neutral” rating to an “underweight” rating and set a $6.00 target price on the stock. in a research note on Wednesday, October 31st. ValuEngine upgraded Container Store Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research lowered Container Store Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th.
About Container Store Group
The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.
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