Posted by admin on Jun 16th, 2022

The Container Store Group, Inc. (NYSE:TCS – Get Rating) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,910,000 shares, a decrease of 20.1% from the May 15th total of 2,390,000 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average trading volume of 509,400 shares, the short-interest ratio is currently 3.7 days.

A number of institutional investors have recently made changes to their positions in the stock. Front Street Capital Management Inc. lifted its stake in The Container Store Group by 5.1% in the 1st quarter. Front Street Capital Management Inc. now owns 2,590,491 shares of the specialty retailer’s stock valued at $21,164,000 after buying an additional 125,927 shares in the last quarter. BlackRock Inc. grew its position in The Container Store Group by 5.1% in the 4th quarter. BlackRock Inc. now owns 2,270,276 shares of the specialty retailer’s stock valued at $22,657,000 after purchasing an additional 110,071 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of The Container Store Group by 25.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,043,053 shares of the specialty retailer’s stock worth $16,692,000 after purchasing an additional 410,814 shares in the last quarter. Vanguard Group Inc. increased its position in The Container Store Group by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 1,677,861 shares of the specialty retailer’s stock valued at $13,707,000 after buying an additional 95,335 shares in the last quarter. Finally, DG Capital Management LLC increased its holdings in shares of The Container Store Group by 33.5% in the first quarter. DG Capital Management LLC now owns 1,490,808 shares of the specialty retailer’s stock valued at $12,180,000 after purchasing an additional 374,442 shares during the last quarter. Institutional investors and hedge funds own 84.83% of the company’s stock.

TCS stock traded down $0.53 during trading on Thursday, reaching $6.74. 10,434 shares of the stock traded hands, compared to its average volume of 645,838. The business’s 50 day moving average price is $7.64 and its 200-day moving average price is $8.92. The firm has a market capitalization of $341.22 million, a PE ratio of 4.49 and a beta of 1.24. The Container Store Group has a 52-week low of $6.70 and a 52-week high of $14.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.29.

The Container Store Group (NYSE:TCS – Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. The Container Store Group had a return on equity of 20.73% and a net margin of 7.47%. The company had revenue of $305.55 million for the quarter, compared to the consensus estimate of $281.32 million. During the same period last year, the business posted $0.71 earnings per share. On average, equities research analysts predict that The Container Store Group will post 1.25 earnings per share for the current year.

A number of equities research analysts recently commented on the stock. Lake Street Capital assumed coverage on shares of The Container Store Group in a report on Wednesday, April 13th. They set a “buy” rating and a $10.00 price target for the company. TheStreet cut shares of The Container Store Group from a “b-” rating to a “c+” rating in a research note on Wednesday, February 23rd. StockNews.com initiated coverage on shares of The Container Store Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of The Container Store Group from $11.50 to $9.00 and set a “neutral” rating for the company in a report on Thursday, May 19th.

The Container Store Group Company Profile (Get Rating)

The Container Store Group, Inc operates as a retailer of storage and organization products and solutions in the United States. It operates in two segments, The Container Store and Elfa. The company provides approximately 11,000 products designed to help customers. Its merchandise category includes Custom Closets, including elfa, Laren, and Avera branded products and installation services, as well as closet lifestyle department products; storage, long-term storage, and shelving; kitchen and trash; office, collections, and hooks; bath, travel, and laundry; gift packaging, seasonal, and impulse; and others.

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