Dimensional Fund Advisors LP Lowers Holdings in The Container Store Group, Inc. (NYSE:TCS)

Dimensional Fund Advisors LP reduced its position in shares of The Container Store Group, Inc. (NYSE:TCS) by 36.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 627,633 shares of the specialty retailer’s stock after selling 363,845 shares during the period. Dimensional Fund Advisors LP’s holdings in The Container Store Group were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in shares of The Container Store Group in the fourth quarter valued at $34,000. Assenagon Asset Management S.A. acquired a new stake in The Container Store Group in the second quarter valued at $165,000. Jacobs Levy Equity Management Inc. acquired a new stake in The Container Store Group in the first quarter valued at $490,000. Finally, Zazove Associates LLC raised its stake in The Container Store Group by 72.6% in the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock valued at $536,000 after buying an additional 197,831 shares in the last quarter. 67.11% of the stock is currently owned by hedge funds and other institutional investors.

The Container Store Group Stock Down 21.2 %

Shares of TCS stock opened at $13.53 on Tuesday. The stock has a market cap of $46.54 million, a price-to-earnings ratio of -0.42 and a beta of 1.02. The Container Store Group, Inc. has a 1 year low of $7.50 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.49 and a current ratio of 1.31.

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

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.