The Container Store Group, Inc. (NYSE:TCS) Sees Significant Drop in Short Interest

The Container Store Group, Inc. (NYSE:TCS) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 479,000 shares, a decline of 15.2% from the March 31st total of 565,000 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 337,500 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On The Container Store Group

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

The Container Store Group Stock Performance

Shares of NYSE:TCS traded down $0.04 during midday trading on Tuesday, hitting $0.84. 319,529 shares of the stock were exchanged, compared to its average volume of 336,589. The Container Store Group has a twelve month low of $0.83 and a twelve month high of $3.71. The company has a 50 day moving average price of $1.10 and a 200-day moving average price of $1.60. The company has a current ratio of 1.21, a quick ratio of 0.37 and a debt-to-equity ratio of 0.80.

The Container Store Group (NYSE:TCS) last announced its earnings results on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The company had revenue of $214.90 million during the quarter, compared to analysts’ expectations 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%. As a group, equities analysts expect that The Container Store Group 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.