B. Riley Asset Management LLC Takes $4.30 Million Position in The Container Store Group, Inc. (NYSE:TCS)

B. Riley Asset Management LLC acquired a new stake in The Container Store Group, Inc. (NYSE:TCSGet Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 430,705 shares of the specialty retailer’s stock, valued at approximately $4,298,000. The Container Store Group accounts for about 1.9% of B. Riley Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. B. Riley Asset Management LLC owned approximately 0.85% of The Container Store Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SCP Investment LP bought a new position in The Container Store Group during the fourth quarter worth about $9,980,000. DG Capital Management LLC bought a new position in The Container Store Group during the third quarter worth about $3,715,000. Arrowstreet Capital Limited Partnership increased its position in The Container Store Group by 65.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 789,370 shares of the specialty retailer’s stock worth $7,515,000 after acquiring an additional 313,546 shares during the period. Verition Fund Management LLC bought a new position in The Container Store Group during the third quarter worth about $1,288,000. Finally, Front Street Capital Management Inc. increased its holdings in The Container Store Group by 3.6% in the 3rd quarter. Front Street Capital Management Inc. now owns 2,394,718 shares of the specialty retailer’s stock valued at $22,798,000 after buying an additional 82,259 shares during the period. 84.83% of the stock is currently owned by institutional investors.

Shares of NYSE:TCS traded up $0.36 during mid-day trading on Friday, hitting $7.38. The company had a trading volume of 541,560 shares, compared to its average volume of 318,104. The firm has a fifty day moving average price of $8.00 and a 200 day moving average price of $9.75. The company has a market capitalization of $373.80 million, a PE ratio of 3.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.21 and a quick ratio of 0.34. The Container Store Group, Inc. has a one year low of $6.70 and a one year high of $14.25.

The Container Store Group (NYSE:TCSGet Rating) last announced its quarterly earnings results on Tuesday, February 8th. The specialty retailer reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $267.30 million during the quarter, compared to analyst estimates of $260.53 million. The Container Store Group had a net margin of 8.49% and a return on equity of 25.00%. During the same quarter in the previous year, the business posted $0.42 EPS. Research analysts expect that The Container Store Group, Inc. will post 1.5 earnings per share for the current fiscal year.

Several equities analysts have commented on TCS shares. Zacks Investment Research lowered shares of The Container Store Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. StockNews.com assumed coverage on shares of The Container Store Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet downgraded shares of The Container Store Group from a “b-” rating to a “c+” rating in a research note on Wednesday, February 23rd. Finally, Lake Street Capital began coverage on shares of The Container Store Group in a research note on Wednesday, April 13th. They issued a “buy” rating and a $10.00 price target on the stock.

The Container Store Group Company Profile (Get Rating)

The Container Store Group, Inc operates as a retailer of storage and organization products and solutions in the United States. It operates in 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.

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

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