Spark Investment Management LLC decreased its position in shares of Container Store (The) (NYSE:TCS) by 46.8% during the second quarter, Holdings Channel reports. The fund owned 175,600 shares of the specialty retailer’s stock after selling 154,168 shares during the period. Spark Investment Management LLC’s holdings in Container Store (The) were worth $1,039,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Tudor Investment Corp ET AL raised its position in shares of Container Store (The) by 8.7% in the first quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock worth $111,000 after buying an additional 2,104 shares during the last quarter. Bank of America Corp DE raised its position in shares of Container Store (The) by 10.6% in the first quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock worth $152,000 after buying an additional 3,446 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Container Store (The) by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock worth $173,000 after buying an additional 629 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Container Store (The) by 6.2% in the first quarter. Wells Fargo & Company MN now owns 99,816 shares of the specialty retailer’s stock worth $423,000 after buying an additional 5,804 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Container Store (The) by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 106,619 shares of the specialty retailer’s stock worth $451,000 after buying an additional 4,632 shares during the last quarter. 78.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Container Store (NYSE:TCS) opened at 4.60 on Thursday. The firm has a market cap of $221.02 million, a P/E ratio of 24.21 and a beta of 1.57. The stock’s 50 day moving average price is $5.43 and its 200-day moving average price is $4.73. Container Store has a 12 month low of $3.75 and a 12 month high of $8.34.

Container Store (The) (NYSE:TCS) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Container Store (The) had a net margin of 1.13% and a return on equity of 5.34%. The company had revenue of $183.10 million during the quarter, compared to analyst estimates of $183.27 million. During the same quarter in the previous year, the business earned ($0.04) EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that Container Store will post $0.34 earnings per share for the current fiscal year.

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A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Container Store (The) from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Thursday, July 13th. Barclays PLC increased their price objective on Container Store (The) from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 24th. Jefferies Group LLC increased their price objective on Container Store (The) from $4.50 to $5.25 and gave the company a “hold” rating in a research report on Wednesday, May 24th. BidaskClub downgraded Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley increased their price objective on Container Store (The) from $3.50 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.65.

Container Store (The) 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.

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

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