Short Interest in The Container Store Group, Inc. (NYSE:TCS) Drops By 27.7%

The Container Store Group, Inc. (NYSE:TCSGet Free Report) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 565,000 shares, a decrease of 27.7% from the March 15th total of 781,000 shares. Based on an average daily volume of 382,300 shares, the short-interest ratio is presently 1.5 days. Approximately 1.7% of the shares of the stock are short sold.

Institutional Trading of The Container Store Group

Several hedge funds and other institutional investors have recently bought and sold shares of TCS. Swiss National Bank boosted its stake in The Container Store Group by 7.7% in the first quarter. Swiss National Bank now owns 77,900 shares of the specialty retailer’s stock worth $636,000 after buying an additional 5,600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in The Container Store Group by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 187,409 shares of the specialty retailer’s stock worth $1,531,000 after buying an additional 5,050 shares in the last quarter. American Century Companies Inc. boosted its stake in The Container Store Group by 44.5% in the first quarter. American Century Companies Inc. now owns 87,073 shares of the specialty retailer’s stock worth $711,000 after buying an additional 26,834 shares in the last quarter. LSV Asset Management purchased a new stake in shares of The Container Store Group during the first quarter valued at approximately $370,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of The Container Store Group by 25.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,043,053 shares of the specialty retailer’s stock valued at $16,692,000 after purchasing an additional 410,814 shares during the period. Hedge funds and other institutional investors own 67.11% of the company’s stock.

The Container Store Group Price Performance

Shares of TCS stock traded down $0.05 during trading on Friday, hitting $1.00. The company had a trading volume of 306,002 shares, compared to its average volume of 342,253. The company has a quick ratio of 0.37, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average is $1.19 and its two-hundred day moving average is $1.70. The stock has a market capitalization of $51.46 million, a price-to-earnings ratio of -0.21 and a beta of 1.13. The Container Store Group has a 52 week low of $0.95 and a 52 week high of $3.71.

The Container Store Group (NYSE:TCSGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $214.06 million. The Container Store Group had a negative net margin of 25.64% and a negative return on equity of 2.08%. As a group, analysts predict that The Container Store Group will post -0.35 EPS for the current fiscal year.

About The Container Store Group

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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.

Further Reading

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