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

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

The Container Store Group Price Performance

The company has a quick ratio of 0.49, a current ratio of 1.31 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $493.71 million, a price-to-earnings ratio of -4.58 and a beta of 1.02.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TCS. Quadrature Capital Ltd purchased a new position in The Container Store Group in the 4th quarter worth about $34,000. Renaissance Technologies LLC lifted its holdings in shares of The Container Store Group by 21.0% during the 2nd quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock valued at $48,000 after buying an additional 15,300 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of The Container Store Group in the 2nd quarter worth $165,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of The Container Store Group in the first quarter worth $490,000. Finally, Zazove Associates LLC increased its position in shares of The Container Store Group by 72.6% during the 1st quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock valued at $536,000 after purchasing an additional 197,831 shares during the last quarter. 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.