Container Store Group (TCS) Hits New 52-Week High at $8.75

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Container Store Group Inc (NYSE:TCS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $8.75 and last traded at $8.70, with a volume of 10240 shares changing hands. The stock had previously closed at $8.16.

Separately, Zacks Investment Research lowered shares of Container Store Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th.

The company has a market capitalization of $385.89 million, a price-to-earnings ratio of 31.46, a PEG ratio of 1.11 and a beta of 1.54. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 1.12.

Container Store Group (NYSE:TCS) last released its quarterly earnings data on Tuesday, May 22nd. The specialty retailer reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $232.80 million for the quarter, compared to analyst estimates of $230.03 million. Container Store Group had a return on equity of 5.77% and a net margin of 2.27%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts expect that Container Store Group Inc will post 0.4 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Container Store Group during the first quarter worth about $229,000. GSA Capital Partners LLP raised its stake in Container Store Group by 18.5% during the first quarter. GSA Capital Partners LLP now owns 175,290 shares of the specialty retailer’s stock worth $954,000 after acquiring an additional 27,400 shares during the period. LSV Asset Management raised its stake in Container Store Group by 925.2% during the first quarter. LSV Asset Management now owns 485,952 shares of the specialty retailer’s stock worth $2,643,000 after acquiring an additional 438,552 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Container Store Group by 16.7% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 122,120 shares of the specialty retailer’s stock worth $579,000 after acquiring an additional 17,450 shares during the period. Finally, Millennium Management LLC raised its stake in Container Store Group by 207.2% during the fourth quarter. Millennium Management LLC now owns 329,861 shares of the specialty retailer’s stock worth $1,564,000 after acquiring an additional 222,469 shares during the period. Hedge funds and other institutional investors own 77.56% of the company’s stock.

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 through two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including bath, box, closets, collections, containers, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products.

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