Insider Buying: Container Store (The) (TCS) Director Acquires $23,920.00 in Stock

Container Store (The) (NYSE:TCS) Director Rajendra Sisodia acquired 5,750 shares of Container Store (The) stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $4.16 per share, with a total value of $23,920.00. Following the transaction, the director now owns 10,750 shares in the company, valued at approximately $44,720. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Container Store (TCS) traded up 0.48% on Thursday, hitting $4.23. 31,815 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $4.35 and its 200 day moving average price is $4.68. The company has a market cap of $204.25 million, a price-to-earnings ratio of 22.26 and a beta of 1.60. 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 earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The company had revenue of $183.10 million during the quarter, compared to analyst estimates of $183.27 million. Container Store (The) had a return on equity of 5.34% and a net margin of 1.13%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.04) EPS. On average, equities research analysts expect that Container Store will post $0.33 earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Container Store (The) in the 2nd quarter valued at approximately $105,000. Tudor Investment Corp ET AL grew its position in shares of Container Store (The) by 8.7% in the 1st quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 2,104 shares during the period. Blair William & Co. IL grew its position in shares of Container Store (The) by 4.0% in the 2nd quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 825 shares during the period. Bank of America Corp DE grew its position in shares of Container Store (The) by 10.6% in the 1st quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 3,446 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Container Store (The) in the 2nd quarter valued at approximately $160,000. Institutional investors and hedge funds own 79.11% of the company’s stock.

TCS has been the subject of several research reports. Jefferies Group LLC raised their price objective on shares of Container Store (The) from $4.50 to $5.25 and gave the company a “hold” rating in a research report on Wednesday, May 24th. Morgan Stanley raised their price objective on shares of Container Store (The) from $3.50 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, June 21st. Barclays PLC raised their price objective on shares of Container Store (The) from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 24th. BidaskClub lowered shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Container Store (The) presently has an average rating of “Hold” and a consensus price target of $5.50.

About Container Store (The)

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.

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