Zazove Associates LLC Invests $621,000 in The Container Store Group, Inc. (NYSE:TCS)

Zazove Associates LLC acquired a new stake in The Container Store Group, Inc. (NYSE:TCS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 272,579 shares of the specialty retailer’s stock, valued at approximately $621,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank grew its stake in shares of The Container Store Group by 7.7% in the first quarter. Swiss National Bank now owns 77,900 shares of the specialty retailer’s stock worth $636,000 after purchasing an additional 5,600 shares in the last quarter. Bank of New York Mellon Corp grew its position in The Container Store Group by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 187,409 shares of the specialty retailer’s stock valued at $1,531,000 after buying an additional 5,050 shares in the last quarter. American Century Companies Inc. increased its stake in The Container Store Group by 44.5% during the 1st quarter. American Century Companies Inc. now owns 87,073 shares of the specialty retailer’s stock valued at $711,000 after buying an additional 26,834 shares during the period. LSV Asset Management bought a new stake in shares of The Container Store Group during the 1st quarter worth about $370,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of The Container Store Group by 25.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,043,053 shares of the specialty retailer’s stock worth $16,692,000 after acquiring an additional 410,814 shares during the period. 67.11% of the stock is owned by institutional investors and hedge funds.

The Container Store Group Price Performance

Shares of The Container Store Group stock traded down $0.03 on Wednesday, hitting $0.89. The company had a trading volume of 78,855 shares, compared to its average volume of 363,109. The Container Store Group, Inc. has a 52 week low of $0.85 and a 52 week high of $3.71. The company has a market cap of $45.86 million, a PE ratio of -0.19 and a beta of 1.13. The business has a 50-day simple moving average of $1.16 and a 200-day simple moving average of $1.67. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 0.37.

The Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. The business had revenue of $214.90 million during the quarter, compared to analyst estimates of $214.06 million. The Container Store Group had a negative return on equity of 2.08% and a negative net margin of 25.64%. Research analysts expect that The Container Store Group, Inc. will post -0.35 EPS for the current fiscal year.

The Container Store Group Profile

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 organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.