The Container Store Group, Inc. (NYSE:TCS) Sees Large Decrease in Short Interest

The Container Store Group, Inc. (NYSE:TCS - Get Free Report) was the recipient of a large decrease in short interest in 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. Approximately 1.7% of the company's stock are short sold. Based on an average trading volume of 382,300 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On The Container Store Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Glendon Capital Management LP lifted its holdings in The Container Store Group by 152.0% during the third quarter. Glendon Capital Management LP now owns 3,538,846 shares of the specialty retailer's stock valued at $7,962,000 after purchasing an additional 2,134,606 shares during the last quarter. Barclays PLC lifted its holdings in The Container Store Group by 68.0% during the third quarter. Barclays PLC now owns 111,109 shares of the specialty retailer's stock valued at $250,000 after purchasing an additional 44,976 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in The Container Store Group by 19.1% during the third quarter. First Eagle Investment Management LLC now owns 802,407 shares of the specialty retailer's stock valued at $1,805,000 after purchasing an additional 128,935 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in The Container Store Group during the third quarter valued at about $77,000. Finally, Platform Technology Partners purchased a new stake in The Container Store Group during the third quarter valued at about $47,000. 67.11% of the stock is owned by hedge funds and other institutional investors.

The Container Store Group Stock Down 4.8 %

Shares of NYSE TCS traded down $0.05 during trading on Friday, hitting $1.00. The stock had a trading volume of 305,568 shares, compared to its average volume of 368,029. The Container Store Group has a 12 month low of $0.95 and a 12 month high of $3.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 0.37. The company has a market capitalization of $51.61 million, a PE ratio of -0.21 and a beta of 1.13. The firm has a fifty day moving average of $1.21 and a two-hundred day moving average of $1.71.

The Container Store Group (NYSE:TCS - Get Free Report) last posted its earnings results on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $214.90 million during the quarter, compared to analyst estimates 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, equities research analysts forecast that The Container Store Group will post -0.35 EPS for the current fiscal year.

The Container Store Group Company 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.