Blair William & Co. IL Boosts Stake in Container Store (The) (TCS)

Blair William & Co. IL grew its holdings in shares of Container Store (The) (NYSE:TCS) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,225 shares of the specialty retailer’s stock after purchasing an additional 825 shares during the period. Blair William & Co. IL’s holdings in Container Store (The) were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of TCS. SG Americas Securities LLC bought a new position in shares of Container Store (The) during the 2nd quarter valued at about $105,000. Tudor Investment Corp ET AL boosted its position in shares of Container Store (The) by 8.7% during the 1st quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 2,104 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Container Store (The) by 10.6% during the 1st quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 3,446 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Container Store (The) by 2.4% during the 4th quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock valued at $173,000 after purchasing an additional 629 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Container Store (The) during the 2nd quarter valued at about $347,000. Institutional investors own 79.11% of the company’s stock.

Shares of Container Store (NYSE:TCS) opened at 4.23 on Monday. The stock has a 50 day moving average of $4.58 and a 200-day moving average of $4.68. The stock has a market capitalization of $204.25 million, a price-to-earnings ratio of 22.26 and a beta of 1.60. Container Store has a 52-week low of $3.75 and a 52-week high of $8.34.

Container Store (The) (NYSE:TCS) last posted its earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Container Store (The) had a return on equity of 5.34% and a net margin of 1.13%. The company had revenue of $183.10 million during the quarter, compared to analyst estimates of $183.27 million. During the same period in the previous year, the company earned ($0.04) EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Container Store will post $0.34 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $4.50 price objective (down previously from $5.25) on shares of Container Store (The) in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Container Store (The) from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub lowered shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Morgan Stanley raised their target price on shares of Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, June 21st. Finally, Barclays PLC raised their target price on shares of Container Store (The) from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.50.

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Container Store (The) Company Profile

The Container Store Group, Inc is a specialty retailer of storage and organization products. The Company’s segments include The Container Store (TCS), Elfa and Corporate/Other. The Company’s TCS segment consists of its retail stores, Website and call center, as well as its installation and organizational services business.

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

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