The Container Store Group, Inc. (NYSE:TCS – Get Rating) CEO Satish Malhotra bought 14,600 shares of the firm’s stock in a transaction dated Thursday, June 16th. The shares were acquired at an average price of $6.83 per share, with a total value of $99,718.00. Following the purchase, the chief executive officer now directly owns 466,801 shares of the company’s stock, valued at approximately $3,188,250.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of TCS opened at $6.77 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.29. The firm has a 50 day simple moving average of $7.62 and a 200-day simple moving average of $8.88. The Container Store Group, Inc. has a 1-year low of $6.70 and a 1-year high of $14.25. The stock has a market cap of $342.77 million, a price-to-earnings ratio of 4.18 and a beta of 1.24.
The Container Store Group (NYSE:TCS – Get Rating) last issued its quarterly earnings data on Tuesday, May 17th. The specialty retailer reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The Container Store Group had a net margin of 7.47% and a return on equity of 20.73%. The business had revenue of $305.55 million during the quarter, compared to analysts’ expectations of $281.32 million. During the same period last year, the company posted $0.71 EPS. On average, equities analysts expect that The Container Store Group, Inc. will post 1.25 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Front Street Capital Management Inc. increased its stake in shares of The Container Store Group by 5.1% during the 1st quarter. Front Street Capital Management Inc. now owns 2,590,491 shares of the specialty retailer’s stock worth $21,164,000 after purchasing an additional 125,927 shares in the last quarter. BlackRock Inc. grew its stake in The Container Store Group by 5.1% in the 4th quarter. BlackRock Inc. now owns 2,270,276 shares of the specialty retailer’s stock worth $22,657,000 after acquiring an additional 110,071 shares during the period. Dimensional Fund Advisors LP grew its stake in The Container Store Group by 25.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,043,053 shares of the specialty retailer’s stock worth $16,692,000 after acquiring an additional 410,814 shares during the period. Vanguard Group Inc. grew its stake in The Container Store Group by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,677,861 shares of the specialty retailer’s stock worth $13,707,000 after acquiring an additional 95,335 shares during the period. Finally, DG Capital Management LLC grew its stake in The Container Store Group by 33.5% in the 1st quarter. DG Capital Management LLC now owns 1,490,808 shares of the specialty retailer’s stock worth $12,180,000 after acquiring an additional 374,442 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.
About The Container Store Group (Get Rating)
The Container Store Group, Inc operates as a retailer of storage and organization products and solutions in the United States. It operates in two segments, The Container Store and Elfa. The company provides approximately 11,000 products designed to help customers. Its merchandise category includes Custom Closets, including elfa, Laren, and Avera branded products and installation services, as well as closet lifestyle department products; storage, long-term storage, and shelving; kitchen and trash; office, collections, and hooks; bath, travel, and laundry; gift packaging, seasonal, and impulse; and others.
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