Two Sigma Advisers LP reduced its stake in Container Store Group Inc (NYSE:TCS) by 8.8% in the 4th quarter, HoldingsChannel reports. The firm owned 139,237 shares of the specialty retailer’s stock after selling 13,469 shares during the quarter. Two Sigma Advisers LP’s holdings in Container Store Group were worth $664,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TCS. Renaissance Technologies LLC grew its stake in shares of Container Store Group by 176.6% during the third quarter. Renaissance Technologies LLC now owns 374,300 shares of the specialty retailer’s stock valued at $4,155,000 after acquiring an additional 239,000 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Container Store Group by 137.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 23,926 shares of the specialty retailer’s stock valued at $265,000 after acquiring an additional 13,847 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Container Store Group by 48.4% during the fourth quarter. Prudential Financial Inc. now owns 77,764 shares of the specialty retailer’s stock valued at $370,000 after acquiring an additional 25,354 shares in the last quarter. CX Institutional acquired a new stake in shares of Container Store Group during the fourth quarter valued at about $212,000. Finally, AQR Capital Management LLC grew its stake in shares of Container Store Group by 115.6% during the third quarter. AQR Capital Management LLC now owns 28,630 shares of the specialty retailer’s stock valued at $318,000 after acquiring an additional 15,348 shares in the last quarter. Hedge funds and other institutional investors own 78.45% of the company’s stock.
Shares of Container Store Group stock opened at $8.67 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.37 and a quick ratio of 0.52. The stock has a market cap of $414.77 million, a PE ratio of 30.96 and a beta of 2.42. Container Store Group Inc has a 1-year low of $4.21 and a 1-year 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 the consensus estimate of $0.12 by ($0.05). The business had revenue of $221.60 million for the quarter, compared to analyst estimates of $230.55 million. Container Store Group had a net margin of 0.62% and a return on equity of 5.21%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, analysts predict that Container Store Group Inc will post 0.4 EPS for the current fiscal year.
Several brokerages have recently weighed in on TCS. Zacks Investment Research downgraded Container Store Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. ValuEngine upgraded Container Store Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd.
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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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