Schonfeld Strategic Advisors LLC Takes $76,000 Position in The Container Store Group, Inc. (NYSE:TCS)

Schonfeld Strategic Advisors LLC bought a new stake in The Container Store Group, Inc. (NYSE:TCS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,200 shares of the specialty retailer’s stock, valued at approximately $76,000.

Several other hedge funds have also recently modified their holdings of TCS. Acuitas Investments LLC bought a new stake in shares of The Container Store Group in the 3rd quarter valued at about $2,311,000. Trexquant Investment LP bought a new stake in shares of The Container Store Group in the 3rd quarter valued at about $845,000. Bank of America Corp DE raised its holdings in shares of The Container Store Group by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 3,005,080 shares of the specialty retailer’s stock valued at $9,737,000 after purchasing an additional 130,236 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of The Container Store Group in the 2nd quarter valued at about $355,000. Finally, Morgan Stanley raised its holdings in The Container Store Group by 592.5% in the 3rd quarter. Morgan Stanley now owns 68,002 shares of the specialty retailer’s stock valued at $423,000 after acquiring an additional 58,182 shares during the period. 83.80% of the stock is currently owned by institutional investors.

NYSE:TCS opened at $9.54 on Friday. The stock has a fifty day moving average price of $10.30 and a 200-day moving average price of $6.70. The company has a market cap of $482.29 million, a price-to-earnings ratio of 24.11 and a beta of 1.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 1.16. The Container Store Group, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $13.84.

The Container Store Group (NYSE:TCS) last released its earnings results on Tuesday, October 20th. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.40. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $223.32 million. The Container Store Group had a return on equity of 1.26% and a net margin of 0.22%. Research analysts predict that The Container Store Group, Inc. will post 0.01 EPS for the current fiscal year.

In other news, insider John Gehre sold 7,501 shares of the company’s stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $11.09, for a total transaction of $83,186.09. Following the completion of the sale, the insider now directly owns 70,304 shares in the company, valued at approximately $779,671.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Kristofer Galashan sold 5,500,000 shares of the company’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $10.00, for a total value of $55,000,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,676,884 shares of company stock valued at $66,832,321. Corporate insiders own 65.70% of the company’s stock.

Several equities analysts have recently commented on the company. ValuEngine downgraded The Container Store Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 1st. BidaskClub lowered The Container Store Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. TheStreet raised The Container Store Group from a “d+” rating to a “c” rating in a report on Friday, October 9th. The Goldman Sachs Group raised The Container Store Group from a “sell” rating to a “neutral” rating and upped their price objective for the company from $3.00 to $10.00 in a report on Monday, November 9th. Finally, Zacks Investment Research raised The Container Store Group from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Saturday, December 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.00.

About The Container Store Group

The Container Store Group, Inc operates as a retailer of storage and organization products and solutions in the United States. It operates through two segments, The Container Store and Elfa. The company provides approximately 11,000 products designed to help customers. Its merchandise category includes Custom Closets, including elfa, Laren, and Avera branded products and installation services, as well as closet lifestyle department products; storage, long-term storage, and shelving; kitchen and trash; office, collections, and hooks; bath, travel, and laundry; gift packaging, seasonal, and impulse; and others.

Featured Story: Quiet Period

Want to see what other hedge funds are holding TCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Container Store Group, Inc. (NYSE:TCS).

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

Receive News & Ratings for The Container Store Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Container Store Group and related companies with MarketBeat.com's FREE daily email newsletter.