The Container Store Group (NYSE:TCS) Stock Price Up 4.7%

The Container Store Group, Inc. (NYSE:TCS - Get Free Report) shares were up 4.7% on Tuesday . The company traded as high as $13.34 and last traded at $13.07. Approximately 6,893 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 50,614 shares. The stock had previously closed at $12.48.

Wall Street Analyst Weigh In

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

The Container Store Group Stock 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 stock's fifty day moving average is $2.86 and its two-hundred day moving average is $1.56. The firm has a market capitalization of $708.32 million, a price-to-earnings ratio of -6.57 and a beta of 1.03.

The Container Store Group (NYSE:TCS - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates 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 last year, the business posted ($0.21) earnings per share. On average, analysts predict that The Container Store Group, Inc. will post -4.18 earnings per share for the current year.

Institutional Investors Weigh In On The Container Store Group

A number of institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of The Container Store Group in the fourth quarter valued at about $34,000. 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 purchasing an additional 15,300 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of The Container Store Group during the 2nd quarter worth approximately $165,000. Jacobs Levy Equity Management Inc. bought a new position in shares of The Container Store Group during the first quarter worth approximately $490,000. Finally, Zazove Associates LLC raised its position in shares of The Container Store Group by 72.6% in the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer's stock valued at $536,000 after buying an additional 197,831 shares in the last quarter. Institutional investors own 67.11% of the company's stock.

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.