Bank of New York Mellon Corp trimmed its stake in shares of Container Store Group Inc (NYSE:TCS) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,018 shares of the specialty retailer’s stock after selling 2,601 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.22% of Container Store Group worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Container Store Group during the 2nd quarter worth approximately $105,000. Algert Global LLC bought a new position in Container Store Group during the 2nd quarter worth approximately $347,000. Municipal Employees Retirement System of Michigan grew its position in Container Store Group by 31.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 104,670 shares of the specialty retailer’s stock worth $620,000 after acquiring an additional 24,880 shares during the last quarter. Acadian Asset Management LLC grew its position in Container Store Group by 1,307.4% during the 2nd quarter. Acadian Asset Management LLC now owns 86,880 shares of the specialty retailer’s stock worth $515,000 after acquiring an additional 80,707 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in Container Store Group during the 2nd quarter worth approximately $1,570,000. Institutional investors and hedge funds own 79.20% of the company’s stock.

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Shares of Container Store Group Inc (NYSE TCS) opened at 3.80 on Friday. Container Store Group Inc has a 12-month low of $3.75 and a 12-month high of $8.34. The firm has a 50-day moving average price of $4.13 and a 200 day moving average price of $4.68. The stock has a market cap of $183.49 million, a PE ratio of 20.00 and a beta of 1.62.

Container Store Group (NYSE:TCS) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $183.10 million for the quarter, compared to analysts’ expectations of $183.27 million. Container Store Group had a negative return on equity of 13.94% and a negative net margin of 4.19%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts expect that Container Store Group Inc will post $0.33 earnings per share for the current year.

TCS has been the topic of several recent research reports. Zacks Investment Research lowered Container Store Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub cut Container Store Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $4.50 price objective (down previously from $5.25) on shares of Container Store Group in a report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.50.

Container Store Group Profile

The Container Store Group, Inc is a specialty retailer of storage and organization products. The Company’s segments include The Container Store (TCS), Elfa and Corporate/Other. The Company’s TCS segment consists of its retail stores, Website and call center, as well as its installation and organizational services business.

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

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