Container Store (NYSE:TCS)
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 5:21
It is positive, as 6 investors sold Container Store Group Inc shares while 19 reduced holdings. During the same period previous year, the firm posted $0.20 EPS. The firm has a 50-day moving average of $4.11 and a 200 day moving average of $4.94. (NASDAQ:SQBG)'s stock is experiencing unusual volume during today's trading.
The stock surge is good news for Container Store shareholders, who have seen the company's price plunge by nearly 50% since reaching an nearly one-year high on December 9.
The Container Store reported earnings of 17 cents per share, beating the Zacks Consensus Estimate of 10 cents per share; net income was $8.4 million.
Consolidated net sales for the quarter ended April 2 were $221 million, up 5.3% from the comparable quarter the previous year. The company has a market capitalization of $267.28 million, a PE ratio of 51.40 and a beta of 1.68. The Container Store also plans on opening four new locations this fiscal year, as well as a relocation of its Chestnut Hill, MA store. On average, equities analysts expect that Container Store Group will post $0.22 EPS for the current fiscal year. REIFF MELISSA bought $73,500 worth of Container Store Group Inc (NYSE:TCS) on Thursday, February 9.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock.
The stock increased 4.49% or $0.18 during the last trading session, hitting $4.18.
More notable recent Container Store Group Inc (NYSE:TCS) news were published by: Fool.com which released: "Why The Container Store Group, Inc". State Street Corp now owns 253,579 shares of the specialty retailer's stock worth $1,613,000 after buying an additional 3,997 shares during the period. Spark Investment Management LLC purchased a new stake in Container Store Group during the third quarter valued at approximately $183,000. 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. Comparable store sales were down 0.2%, and the company notes that the Easter timing shift benefited the quarter's comps by roughly 0.6%. Guggenheim reaffirmed a "neutral" rating on shares of Container Store Group in a report on Wednesday, February 8th. The company, which has struggled mightily on Wall Street this year, said that it would go ahead with a four-part "optimization" plan that includes "sales initiatives, certain full-time position eliminations at TCS, organizational realignment at Elfa and ongoing savings and efficiency efforts".
The Container Store Group, Inc is a specialty retailer of storage and organization products.