Container Store Group (TCS) Stock Price Up 5.1%
Container Store Group Inc (NYSE:TCS) shares rose 5.1% on Monday . The stock traded as high as $5.77 and last traded at $5.58. Approximately 171,280 shares were traded during trading, a decline of 22% from the average daily volume of 219,018 shares. The stock had previously closed at $5.31.
Separately, Zacks Investment Research upgraded shares of Container Store Group from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average target price of $5.13.
The company has a market cap of $256.63, a price-to-earnings ratio of 9.36, a P/E/G ratio of 1.18 and a beta of 1.62. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.34 and a quick ratio of 0.55.
Several hedge funds have recently made changes to their positions in TCS. Millennium Management LLC boosted its holdings in shares of Container Store Group by 207.2% during the 4th quarter. Millennium Management LLC now owns 329,861 shares of the specialty retailer’s stock worth $1,564,000 after buying an additional 222,469 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Container Store Group during the 4th quarter worth about $627,000. Two Sigma Investments LP bought a new stake in shares of Container Store Group during the 4th quarter worth about $472,000. Algert Global LLC boosted its holdings in shares of Container Store Group by 172.2% during the 4th quarter. Algert Global LLC now owns 141,442 shares of the specialty retailer’s stock worth $670,000 after buying an additional 89,489 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Container Store Group by 151.8% during the 4th quarter. Strs Ohio now owns 112,300 shares of the specialty retailer’s stock worth $532,000 after buying an additional 67,700 shares during the period. 78.77% of the stock is owned by institutional investors and hedge funds.
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About Container Store Group
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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