Hancock Whitney Corp decreased its holdings in Container Store Group Inc (NYSE:TCS) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,358 shares of the specialty retailer’s stock after selling 42,957 shares during the quarter. Hancock Whitney Corp’s holdings in Container Store Group were worth $245,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in Container Store Group in the 3rd quarter valued at about $44,000. Rhumbline Advisers grew its holdings in Container Store Group by 10.2% in the 3rd quarter. Rhumbline Advisers now owns 24,547 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 2,270 shares during the period. Strs Ohio grew its holdings in Container Store Group by 22.8% in the 3rd quarter. Strs Ohio now owns 93,800 shares of the specialty retailer’s stock valued at $414,000 after buying an additional 17,400 shares during the period. Prospect Capital Advisors LLC grew its holdings in Container Store Group by 1,884.7% in the 2nd quarter. Prospect Capital Advisors LLC now owns 725,400 shares of the specialty retailer’s stock valued at $5,310,000 after buying an additional 688,850 shares during the period. Finally, Citadel Advisors LLC grew its holdings in shares of Container Store Group by 771.0% during the 2nd quarter. Citadel Advisors LLC now owns 168,965 shares of the specialty retailer’s stock worth $1,237,000 after purchasing an additional 149,565 shares during the period. Institutional investors own 83.95% of the company’s stock.
Shares of NYSE:TCS opened at $4.02 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.27 and a current ratio of 0.88. Container Store Group Inc has a 1 year low of $3.85 and a 1 year high of $9.50. The stock has a market capitalization of $201.85 million, a P/E ratio of 9.57 and a beta of 2.38. The stock has a 50-day simple moving average of $4.48 and a 200-day simple moving average of $6.14.
Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, October 29th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). Container Store Group had a return on equity of 7.54% and a net margin of 2.69%. The firm had revenue of $236.40 million for the quarter, compared to analysts’ expectations of $231.99 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that Container Store Group Inc will post 0.42 earnings per share for the current year.
TCS has been the subject of a number of research reports. ValuEngine cut Container Store Group from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. TheStreet cut Container Store Group from a “b-” rating to a “c” rating in a report on Wednesday, July 31st. Zacks Investment Research cut Container Store Group from a “hold” rating to a “strong sell” rating in a report on Saturday, November 2nd. Finally, Goldman Sachs Group upgraded Container Store Group from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $5.25 in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Container Store Group currently has an average rating of “Hold” and an average target price of $6.75.
Container Store Group Company Profile
The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.
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