Shares of The Container Store Group, Inc. (NYSE:TCS - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.58, but opened at $9.97. The Container Store Group shares last traded at $9.75, with a volume of 17,614 shares trading hands.
The Container Store Group Trading Down 12.4 %
The firm has a market cap of $432.83 million, a PE ratio of -4.26 and a beta of 1.02. 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 - Get Free Report) last announced its quarterly earnings results 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 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 period in the prior year, the business earned ($0.21) earnings per share. On average, equities analysts predict that The Container Store Group, Inc. will post -6.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On The Container Store Group
Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position 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 worth $48,000 after buying an additional 15,300 shares during the period. Zazove Associates LLC grew its holdings 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 valued at $536,000 after purchasing an additional 197,831 shares during the period. Assenagon Asset Management S.A. acquired a new position in The Container Store Group during the second quarter valued at approximately $165,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in The Container Store Group during the first quarter valued at approximately $490,000. Institutional investors and hedge funds own 67.11% of the company's stock.
About The Container Store Group
(
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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.
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