Ibex Investors LLC bought a new stake in Container Store Group Inc (NYSE:TCS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,280 shares of the specialty retailer’s stock, valued at approximately $203,000.
Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC acquired a new position in Container Store Group in the 2nd quarter valued at $404,000. Engineers Gate Manager LP acquired a new position in Container Store Group in the 2nd quarter valued at $132,000. Rutabaga Capital Management LLC MA raised its stake in Container Store Group by 3.8% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 955,850 shares of the specialty retailer’s stock valued at $8,039,000 after purchasing an additional 34,950 shares during the last quarter. LSV Asset Management raised its stake in Container Store Group by 18.4% in the 2nd quarter. LSV Asset Management now owns 575,552 shares of the specialty retailer’s stock valued at $4,840,000 after purchasing an additional 89,600 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Container Store Group by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,039,535 shares of the specialty retailer’s stock valued at $8,742,000 after purchasing an additional 39,190 shares during the last quarter. Institutional investors own 79.57% of the company’s stock.
Shares of NYSE:TCS opened at $5.11 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.23 and a quick ratio of 0.42. The firm has a market capitalization of $261.20 million, a price-to-earnings ratio of 18.07 and a beta of 2.23. Container Store Group Inc has a 52-week low of $3.57 and a 52-week high of $12.42.
Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, October 30th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). The company had revenue of $224.45 million during the quarter, compared to analysts’ expectations of $225.08 million. Container Store Group had a net margin of 2.79% and a return on equity of 5.84%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, equities analysts expect that Container Store Group Inc will post 0.42 earnings per share for the current fiscal year.
Several research firms recently commented on TCS. JPMorgan Chase & Co. downgraded Container Store Group from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a research note on Wednesday, October 31st. ValuEngine downgraded Container Store Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Zacks Investment Research cut Container Store Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 21st. Finally, TheStreet upgraded Container Store Group from a “d+” rating to a “c” rating in a report on Wednesday, October 24th.
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About Container Store Group
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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