The Container Store Group (NYSE:TCS) Shares Down 3.8% – Time to Sell?

The Container Store Group, Inc. (NYSE:TCS)’s share price dropped 3.8% during mid-day trading on Friday . The company traded as low as $9.78 and last traded at $9.86. Approximately 27,372 shares were traded during trading, a decline of 53% from the average daily volume of 58,377 shares. The stock had previously closed at $10.25.

The Container Store Group Trading Down 0.6 %

The company has a debt-to-equity ratio of 1.47, a current ratio of 1.31 and a quick ratio of 0.49. The firm has a market cap of $525.69 million, a P/E ratio of -4.64 and a beta of 1.02.

The Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, August 6th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The Container Store Group had a negative net margin of 12.91% and a negative return on equity of 9.77%. The firm had revenue of $181.86 million for the quarter, compared to the consensus estimate of $190.01 million. During the same quarter last year, the company earned ($0.21) earnings per share. Equities research analysts forecast that The Container Store Group, Inc. will post -6.36 EPS for the current year.

Institutional Investors Weigh In On The Container Store Group

Several hedge funds have recently modified their holdings of TCS. Zazove Associates LLC grew its position in The Container Store Group by 72.6% in the 1st quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock worth $536,000 after purchasing an additional 197,831 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of The Container Store Group during the 1st quarter worth approximately $490,000. Assenagon Asset Management S.A. bought a new stake in shares of The Container Store Group during the second quarter valued at approximately $165,000. Renaissance Technologies LLC raised its stake in shares of The Container Store Group by 21.0% in the second quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 15,300 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in The Container Store Group in the fourth quarter worth $34,000. 67.11% of the stock is owned by institutional investors.

The Container Store Group Company Profile

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.