Sanders Morris Harris Inc. maintained its stake in shares of The Container Store Group Inc. (NYSE:TCS) during the second quarter, Holdings Channel reports. The institutional investor owned 48,500 shares of the company’s stock at the end of the second quarter. Sanders Morris Harris Inc. owned about 0.10% of The Container Store Group worth $259,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new stake in shares of The Container Store Group during the first quarter worth approximately $303,000. Renaissance Technologies LLC boosted its stake in shares of The Container Store Group by 586.9% in the first quarter. Renaissance Technologies LLC now owns 83,800 shares of the company’s stock worth $492,000 after buying an additional 71,600 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of The Container Store Group by 20.6% in the first quarter. Geode Capital Management LLC now owns 113,420 shares of the company’s stock worth $665,000 after buying an additional 19,381 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of The Container Store Group during the first quarter worth approximately $700,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of The Container Store Group by 7,625.7% in the first quarter. TIAA CREF Investment Management LLC now owns 4,052,454 shares of the company’s stock worth $23,788,000 after buying an additional 4,000,000 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.

The Container Store Group Inc. (NYSE:TCS) traded up 1.43% during mid-day trading on Friday, reaching $4.95. 419,851 shares of the company were exchanged. The stock has a 50 day moving average of $5.37 and a 200-day moving average of $5.64. The stock has a market capitalization of $239.38 million, a price-to-earnings ratio of 46.26 and a beta of 1.60. The Container Store Group Inc. has a one year low of $3.77 and a one year high of $17.70.

The Container Store Group (NYSE:TCS) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The business earned $177.40 million during the quarter, compared to analyst estimates of $848.70 million. The Container Store Group had a net margin of 1.03% and a return on equity of 3.00%. The Container Store Group’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned ($0.11) EPS. On average, equities analysts expect that The Container Store Group Inc. will post $0.22 earnings per share for the current fiscal year.

A number of brokerages recently commented on TCS. Zacks Investment Research cut shares of The Container Store Group from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. JPMorgan Chase & Co. restated a “hold” rating on shares of The Container Store Group in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.00.

The Container Store Group Company Profile

The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center.

5 Day Chart for NYSE:TCS

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