Barclays PLC Trims Stake in The Container Store Group, Inc. (NYSE:TCS)

Barclays PLC lessened its stake in The Container Store Group, Inc. (NYSE:TCS) by 93.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,408 shares of the specialty retailer’s stock after selling 61,725 shares during the period. Barclays PLC’s holdings in The Container Store Group were worth $41,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC raised its stake in shares of The Container Store Group by 21.0% during the 2nd quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock worth $48,000 after buying an additional 15,300 shares during the period. 67.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of The Container Store Group in a research note on Monday, January 20th. They issued a “hold” rating on the stock.

The Container Store Group Trading Up 28.2 %

Shares of The Container Store Group stock opened at $0.28 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.29 and a quick ratio of 0.57. The Container Store Group, Inc. has a twelve month low of $1.79 and a twelve month high of $37.80. The stock has a market cap of $979,738.90, a price-to-earnings ratio of -0.01 and a beta of 1.01. The company has a 50-day moving average of $1.74.

The Container Store Group (NYSE:TCS) last issued its quarterly earnings results on Tuesday, October 29th. The specialty retailer reported ($3.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($3.18). The Container Store Group had a negative return on equity of 17.81% and a negative net margin of 12.34%. The firm had revenue of $196.58 million during the quarter, compared to analyst estimates of $197.68 million. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, sell-side analysts predict that The Container Store Group, Inc. will post -6.36 EPS for the current fiscal year.

About The Container Store Group

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, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.