The Container Store Group (NYSE:TCS) Stock Price Down 3.8% - Time to Sell?

The Container Store Group, Inc. (NYSE:TCS - Get Free Report) shares fell 3.8% during mid-day trading on Friday . The stock traded as low as $9.78 and last traded at $9.86. 27,372 shares changed hands during trading, a decline of 53% from the average session volume of 58,377 shares. The stock had previously closed at $10.25.

The Container Store Group Stock Down 6.7 %

The company has a market cap of $493.19 million, a P/E ratio of -4.58 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 posted its earnings results on Tuesday, August 6th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The Container Store Group had a negative return on equity of 9.77% and a negative net margin of 12.91%. The business had revenue of $181.86 million for the quarter, compared to analysts' expectations of $190.01 million. During the same quarter in the previous year, the firm earned ($0.21) EPS. As a group, sell-side analysts expect that The Container Store Group, Inc. will post -6.36 EPS for the current year.

Hedge Funds Weigh In On The Container Store Group

Several hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in The Container Store Group during the 4th quarter worth $34,000. Jacobs Levy Equity Management Inc. purchased a new stake in The Container Store Group during the 1st quarter valued at approximately $490,000. Zazove Associates LLC raised its stake in shares of 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 purchasing an additional 197,831 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of The Container Store Group during the second quarter worth $165,000. Finally, Renaissance Technologies LLC grew its position in 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 buying an additional 15,300 shares during the last quarter. Hedge funds and other institutional investors own 67.11% of the company's stock.

About The Container Store Group

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.