TIAA CREF Investment Management LLC lowered its stake in Container Store (The) (NYSE:TCS) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,769 shares of the specialty retailer’s stock after selling 1,584 shares during the period. TIAA CREF Investment Management LLC owned 0.14% of Container Store (The) worth $291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spark Investment Management LLC bought a new position in shares of Container Store (The) during the first quarter valued at about $1,394,000. Bank of New York Mellon Corp raised its position in shares of Container Store (The) by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 106,619 shares of the specialty retailer’s stock valued at $451,000 after buying an additional 4,632 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Container Store (The) by 6.2% in the first quarter. Wells Fargo & Company MN now owns 99,816 shares of the specialty retailer’s stock valued at $423,000 after buying an additional 5,804 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Container Store (The) by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock valued at $173,000 after buying an additional 629 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Container Store (The) by 21.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 279,548 shares of the specialty retailer’s stock valued at $1,775,000 after buying an additional 48,597 shares in the last quarter. 79.11% of the stock is owned by institutional investors and hedge funds.

Shares of Container Store (NYSE:TCS) traded up 0.49% during mid-day trading on Wednesday, hitting $4.13. The stock had a trading volume of 54,232 shares. The stock’s 50-day moving average is $4.98 and its 200 day moving average is $4.68. The firm has a market capitalization of $199.43 million, a price-to-earnings ratio of 21.74 and a beta of 1.57. Container Store has a 1-year low of $3.75 and a 1-year high of $8.34.

Container Store (The) (NYSE:TCS) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Container Store (The) had a net margin of 1.13% and a return on equity of 5.34%. The business had revenue of $183.10 million during the quarter, compared to analyst estimates of $183.27 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Container Store will post $0.35 EPS for the current fiscal year.

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TCS has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Container Store (The) from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Thursday, July 13th. BidaskClub lowered Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Barclays PLC lifted their price objective on Container Store (The) from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 24th. Finally, Jefferies Group LLC lifted their price objective on Container Store (The) from $4.50 to $5.25 and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.65.

Container Store (The) Company Profile

The Container Store Group, Inc is a specialty retailer of storage and organization products. The Company’s segments include The Container Store (TCS), Elfa and Corporate/Other. The Company’s TCS segment consists of its retail stores, Website and call center, as well as its installation and organizational services business.

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

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