BNP Paribas Arbitrage SA Raises Holdings in Container Store Group Inc (NYSE:TCS)

BNP Paribas Arbitrage SA raised its position in shares of Container Store Group Inc (NYSE:TCS) by 61.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,487 shares of the specialty retailer’s stock after purchasing an additional 1,714 shares during the period. BNP Paribas Arbitrage SA’s holdings in Container Store Group were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Container Store Group by 3.4% in the 4th quarter. BlackRock Inc. now owns 1,081,615 shares of the specialty retailer’s stock valued at $5,159,000 after acquiring an additional 35,407 shares during the period. California Public Employees Retirement System increased its holdings in shares of Container Store Group by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 707,755 shares of the specialty retailer’s stock valued at $3,376,000 after acquiring an additional 8,161 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Container Store Group by 22.9% in the 4th quarter. Acadian Asset Management LLC now owns 476,094 shares of the specialty retailer’s stock valued at $2,272,000 after acquiring an additional 88,624 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Container Store Group by 34.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 416,941 shares of the specialty retailer’s stock valued at $1,989,000 after acquiring an additional 106,691 shares during the period. Finally, Deutsche Bank AG grew its stake in Container Store Group by 280.1% during the 4th quarter. Deutsche Bank AG now owns 193,292 shares of the specialty retailer’s stock worth $921,000 after buying an additional 142,445 shares during the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on TCS. TheStreet upgraded Container Store Group from a “c-” rating to a “b-” rating in a research note on Tuesday, May 14th. Zacks Investment Research upgraded Container Store Group from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Saturday, May 18th. Barclays reissued a “hold” rating and issued a $10.00 price objective on shares of Container Store Group in a report on Thursday, May 16th. Finally, ValuEngine cut Container Store Group from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.42.

NYSE TCS traded up $0.51 during trading hours on Friday, reaching $7.73. The company’s stock had a trading volume of 303,300 shares, compared to its average volume of 340,480. The stock has a market capitalization of $352.99 million, a price-to-earnings ratio of 18.38 and a beta of 2.30. Container Store Group Inc has a 1-year low of $4.21 and a 1-year high of $12.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 0.39. The firm has a 50-day moving average price of $7.46.

Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $253.20 million during the quarter, compared to analysts’ expectations of $243.20 million. Container Store Group had a return on equity of 8.23% and a net margin of 2.42%. Container Store Group’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts expect that Container Store Group Inc will post 0.49 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Container Store Group (NYSE:TCS)

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