Strs Ohio Boosts Stake in Container Store Group Inc (TCS)

Strs Ohio lifted its stake in shares of Container Store Group Inc (NYSE:TCS) by 87.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 114,200 shares of the specialty retailer’s stock after buying an additional 53,400 shares during the quarter. Strs Ohio’s holdings in Container Store Group were worth $544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TCS. CX Institutional bought a new stake in shares of Container Store Group in the 4th quarter worth $212,000. Teachers Advisors LLC grew its stake in shares of Container Store Group by 28.4% in the 3rd quarter. Teachers Advisors LLC now owns 36,614 shares of the specialty retailer’s stock worth $406,000 after acquiring an additional 8,091 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Container Store Group by 22.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 320,959 shares of the specialty retailer’s stock worth $3,563,000 after acquiring an additional 58,847 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Container Store Group by 115.6% in the 3rd quarter. AQR Capital Management LLC now owns 28,630 shares of the specialty retailer’s stock worth $318,000 after acquiring an additional 15,348 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Container Store Group by 137.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 23,926 shares of the specialty retailer’s stock worth $265,000 after buying an additional 13,847 shares during the last quarter. Institutional investors own 79.32% of the company’s stock.

A number of equities analysts recently weighed in on TCS shares. JPMorgan Chase & Co. downgraded shares of Container Store Group from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a report on Wednesday, October 31st. Zacks Investment Research downgraded shares of Container Store Group from a “buy” rating to a “hold” rating in a report on Saturday, November 3rd. TheStreet raised shares of Container Store Group from a “d+” rating to a “c” rating in a report on Wednesday, October 24th. Finally, ValuEngine raised shares of Container Store Group from a “sell” rating to a “hold” rating in a report on Thursday, January 24th.

Shares of NYSE:TCS traded down $0.12 during midday trading on Monday, reaching $5.51. The company had a trading volume of 109,445 shares, compared to its average volume of 415,243. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.52 and a current ratio of 1.37. The company has a market capitalization of $274.89 million, a P/E ratio of 19.66 and a beta of 2.35. Container Store Group Inc has a 52-week low of $4.21 and a 52-week high of $12.42.

Container Store Group (NYSE:TCS) last issued its quarterly earnings results on Tuesday, February 5th. The specialty retailer reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). The company had revenue of $221.60 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. As a group, research analysts predict that Container Store Group Inc will post 0.42 earnings per share for the current year.

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Container Store Group Profile

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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Institutional Ownership by Quarter for Container Store Group (NYSE:TCS)

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