Front Street Capital Management Inc. Has $573,000 Stock Position in The Container Store Group, Inc. (NYSE:TCS)

Front Street Capital Management Inc. trimmed its position in shares of The Container Store Group, Inc. (NYSE:TCS - Free Report) by 47.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,061,190 shares of the specialty retailer's stock after selling 957,052 shares during the period. Front Street Capital Management Inc. owned approximately 2.06% of The Container Store Group worth $573,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in shares of The Container Store Group in the second quarter valued at about $165,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of The Container Store Group in the first quarter valued at about $490,000. Renaissance Technologies LLC lifted its stake in The Container Store Group by 21.0% during the second 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 during the period. Zazove Associates LLC lifted 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 purchasing an additional 197,831 shares during the period. Finally, Quadrature Capital Ltd bought a new position in The Container Store Group during the fourth quarter worth about $34,000. Institutional investors own 67.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut their price target on shares of The Container Store Group from $0.13 to $0.07 and set a "neutral" rating for the company in a research note on Tuesday, May 28th.

The Container Store Group Trading Down 1.3 %

Shares of NYSE TCS traded down $0.16 during midday trading on Tuesday, reaching $11.83. 13,635 shares of the stock were exchanged, compared to its average volume of 51,027. The business has a 50-day simple moving average of $3.33 and a two-hundred day simple moving average of $1.21. The company has a market capitalization of $610.30 million, a price-to-earnings ratio of -5.66 and a beta of 1.03. The Container Store Group, Inc. has a 12 month low of $7.50 and a 12 month high of $37.80. 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 posted its quarterly earnings data on Tuesday, August 6th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The Container Store Group had a negative net margin of 12.91% and a negative return on equity of 9.77%. The business had revenue of $181.86 million during the quarter, compared to analyst estimates of $190.01 million. During the same quarter last year, the business earned ($0.01) earnings per share. As a group, equities research analysts expect that The Container Store Group, Inc. will post -4.18 EPS for the current year.

The Container Store Group 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.