Container Store Group Inc (TCS) Holdings Lifted by California Public Employees Retirement System

California Public Employees Retirement System increased its position in shares of Container Store Group Inc (NYSE:TCS) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 879,225 shares of the specialty retailer’s stock after buying an additional 56,057 shares during the quarter. California Public Employees Retirement System owned about 1.82% of Container Store Group worth $3,702,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its stake in shares of Container Store Group by 22.2% during the third quarter. Citadel Advisors LLC now owns 150,964 shares of the specialty retailer’s stock worth $636,000 after purchasing an additional 27,458 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Container Store Group in the second quarter valued at $275,000. JPMorgan Chase & Co. boosted its stake in Container Store Group by 472.2% in the second quarter. JPMorgan Chase & Co. now owns 60,689 shares of the specialty retailer’s stock valued at $360,000 after acquiring an additional 50,083 shares in the last quarter. IndexIQ Advisors LLC boosted its stake in Container Store Group by 83.1% in the third quarter. IndexIQ Advisors LLC now owns 204,899 shares of the specialty retailer’s stock valued at $863,000 after acquiring an additional 92,978 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Container Store Group by 14.5% in the second quarter. Royal Bank of Canada now owns 77,282 shares of the specialty retailer’s stock valued at $457,000 after acquiring an additional 9,778 shares in the last quarter. 76.97% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut shares of Container Store Group from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.13.

Container Store Group Inc (NYSE:TCS) traded down $0.07 during mid-day trading on Friday, hitting $4.69. 173,659 shares of the stock traded hands, compared to its average volume of 173,444. Container Store Group Inc has a twelve month low of $3.53 and a twelve month high of $6.37. The firm has a market capitalization of $229.90, a price-to-earnings ratio of 46.90, a PEG ratio of 2.00 and a beta of 1.83. The company has a quick ratio of 0.46, a current ratio of 1.26 and a debt-to-equity ratio of 1.35.

Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, November 7th. The specialty retailer reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. Container Store Group had a net margin of 0.59% and a return on equity of 6.18%. The business had revenue of $218.40 million for the quarter, compared to the consensus estimate of $216.95 million. The business’s quarterly revenue was up 6.5% on a year-over-year basis. sell-side analysts expect that Container Store Group Inc will post 0.34 EPS for the current year.

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Container Store Group Company 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.

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

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