272,579 Shares in The Container Store Group, Inc. (NYSE:TCS) Bought by Zazove Associates LLC

Zazove Associates LLC acquired a new position in shares of The Container Store Group, Inc. (NYSE:TCS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 272,579 shares of the specialty retailer’s stock, valued at approximately $621,000. Zazove Associates LLC owned 0.53% of The Container Store Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Glendon Capital Management LP boosted its position in The Container Store Group by 152.0% during the third quarter. Glendon Capital Management LP now owns 3,538,846 shares of the specialty retailer’s stock worth $7,962,000 after acquiring an additional 2,134,606 shares during the last quarter. Barclays PLC boosted its holdings in shares of The Container Store Group by 68.0% during the 3rd quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 44,976 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of The Container Store Group by 19.1% in the third quarter. First Eagle Investment Management LLC now owns 802,407 shares of the specialty retailer’s stock valued at $1,805,000 after purchasing an additional 128,935 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of The Container Store Group in the third quarter valued at approximately $77,000. Finally, Platform Technology Partners purchased a new position in The Container Store Group during the third quarter worth approximately $47,000. 67.11% of the stock is owned by hedge funds and other institutional investors.

The Container Store Group Trading Down 2.9 %

NYSE:TCS traded down $0.03 on Wednesday, reaching $0.89. The company’s stock had a trading volume of 78,855 shares, compared to its average volume of 363,109. The Container Store Group, Inc. has a 12-month low of $0.85 and a 12-month high of $3.71. The stock has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.67. The firm has a market cap of $45.86 million, a price-to-earnings ratio of -0.19 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

The Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $214.90 million for the quarter, compared to the consensus estimate of $214.06 million. The Container Store Group had a negative net margin of 25.64% and a negative return on equity of 2.08%. On average, equities analysts anticipate that The Container Store Group, Inc. will post -0.35 EPS for the current fiscal year.

The Container Store Group Company Profile

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.