Container Store (The) (TCS) Position Increased by IndexIQ Advisors LLC

IndexIQ Advisors LLC boosted its holdings in shares of Container Store (The) (NYSE:TCS) by 83.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,899 shares of the specialty retailer’s stock after purchasing an additional 92,978 shares during the quarter. IndexIQ Advisors LLC owned about 0.42% of Container Store (The) worth $863,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. California Public Employees Retirement System raised its holdings in Container Store (The) by 466.6% in the 2nd quarter. California Public Employees Retirement System now owns 823,168 shares of the specialty retailer’s stock valued at $4,873,000 after acquiring an additional 677,882 shares in the last quarter. James Investment Research Inc. acquired a new position in Container Store (The) in the 2nd quarter valued at approximately $1,570,000. Morgan Stanley raised its holdings in Container Store (The) by 163.3% in the 1st quarter. Morgan Stanley now owns 422,865 shares of the specialty retailer’s stock valued at $1,789,000 after acquiring an additional 262,243 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Container Store (The) by 1,307.4% in the 2nd quarter. Acadian Asset Management LLC now owns 86,880 shares of the specialty retailer’s stock valued at $515,000 after acquiring an additional 80,707 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Container Store (The) in the 2nd quarter valued at approximately $347,000. Hedge funds and other institutional investors own 79.32% of the company’s stock.

Several research firms have commented on TCS. Jefferies Group LLC reaffirmed a “hold” rating and issued a $4.50 price target (down previously from $5.25) on shares of Container Store (The) in a report on Thursday, August 31st. Zacks Investment Research cut Container Store (The) from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub cut Container Store (The) from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Container Store (The) has an average rating of “Hold” and a consensus price target of $5.13.

Container Store (NYSE:TCS) opened at $5.37 on Friday. Container Store has a twelve month low of $3.53 and a twelve month high of $8.34. The company has a quick ratio of 0.53, a current ratio of 1.26 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $259.36, a P/E ratio of 18.52, a PEG ratio of 2.40 and a beta of 1.57.

Container Store (The) (NYSE:TCS) last issued its earnings results on Tuesday, November 7th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. Container Store (The) had a return on equity of 6.18% and a net margin of 0.59%. The business had revenue of $218.40 million during the quarter, compared to analysts’ expectations of $216.95 million. The firm’s revenue was up 6.5% on a year-over-year basis. research analysts predict that Container Store will post 0.34 earnings per share for the current year.

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About Container Store (The)

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.

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

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