The Container Store Group (NYSE:TCS) Sets New 52-Week High at $12.75

The Container Store Group, Inc. (NYSE:TCS - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $12.75 and last traded at $11.99, with a volume of 11951 shares trading hands. The stock had previously closed at $13.48.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their price target on shares of The Container Store Group from $2.00 to $1.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 28th.

The Container Store Group Price Performance

The firm has a market capitalization of $589.04 million, a PE ratio of -6.03 and a beta of 1.03. The company has a 50-day moving average price of $0.77 and a 200-day moving average price of $0.88. 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 Container Store Group (NYSE:TCS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The specialty retailer reported ($0.26) EPS 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 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 quarter last year, the firm earned ($0.21) earnings per share. Sell-side analysts forecast that The Container Store Group, Inc. will post -0.28 EPS for the current year.

Institutional Trading of The Container Store Group

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of The Container Store Group by 21.0% in the 2nd 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. Assenagon Asset Management S.A. acquired a new position in The Container Store Group during the second quarter valued at approximately $165,000. Zazove Associates LLC grew its stake in The Container Store Group by 72.6% during the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer's stock worth $536,000 after buying an additional 197,831 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of The Container Store Group in the first quarter worth $490,000. Finally, Quadrature Capital Ltd purchased a new position in shares of The Container Store Group in the 4th quarter valued at $34,000. 67.11% of the stock is owned by hedge funds and other 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 organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.