Wedge Capital Management L L P NC grew its position in shares of Container Store Group Inc (NYSE:TCS) by 24.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,682 shares of the specialty retailer’s stock after acquiring an additional 11,122 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Container Store Group were worth $499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TCS. Front Street Capital Management Inc. boosted its position in shares of Container Store Group by 672.7% in the first quarter. Front Street Capital Management Inc. now owns 698,330 shares of the specialty retailer’s stock worth $6,145,000 after buying an additional 607,950 shares during the period. Renaissance Technologies LLC boosted its position in shares of Container Store Group by 176.6% in the third quarter. Renaissance Technologies LLC now owns 374,300 shares of the specialty retailer’s stock worth $4,155,000 after buying an additional 239,000 shares during the period. Deutsche Bank AG boosted its position in shares of Container Store Group by 280.1% in the fourth quarter. Deutsche Bank AG now owns 193,292 shares of the specialty retailer’s stock worth $921,000 after buying an additional 142,445 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Container Store Group by 34.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 416,941 shares of the specialty retailer’s stock worth $1,989,000 after buying an additional 106,691 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Container Store Group by 22.9% in the fourth quarter. Acadian Asset Management LLC now owns 476,094 shares of the specialty retailer’s stock worth $2,272,000 after buying an additional 88,624 shares during the period. 78.74% of the stock is owned by institutional investors.

TCS has been the subject of several analyst reports. ValuEngine raised Container Store Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research raised Container Store Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, TheStreet raised Container Store Group from a “c-” rating to a “b-” rating in a research report on Tuesday.

TCS traded up $0.18 on Thursday, reaching $8.34. The company’s stock had a trading volume of 13,570 shares, compared to its average volume of 337,232. The company has a market capitalization of $416.73 million, a P/E ratio of 29.75 and a beta of 2.37. Container Store Group Inc has a 1 year low of $4.21 and a 1 year high of $12.42. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.52 and a current ratio of 1.37.

Container Store Group (NYSE:TCS) last issued its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $253.20 million during the quarter, compared to the consensus estimate of $243.20 million. Container Store Group had a return on equity of 5.21% and a net margin of 0.62%. Container Store Group’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, equities research analysts forecast that Container Store Group Inc will post 0.4 earnings per share for the current fiscal year.

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Container Store Group Profile

The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.

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

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