The stock of Container Store Group Inc (NYSE:TCS) is a huge mover today! About 252,754 shares traded hands or 50.87% up from the average. Container Store Group Inc (NYSE:TCS) has declined 7.21% since February 29, 2016 and is downtrending. It has underperformed by 19.42% the S&P500.
The move comes after 6 months positive chart setup for the $260.32 million company. It was reported on Oct, 4 by Barchart.com. We have $7.38 PT which if reached, will make NYSE:TCS worth $109.33 million more.
Container Store Group Inc (NYSE:TCS) Ratings Coverage
Out of 6 analysts covering Container Store Group Inc (NYSE:TCS), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Container Store Group Inc has been the topic of 9 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, January 8 by Credit Suisse. Goldman Sachs maintained Container Store Group Inc (NYSE:TCS) on Wednesday, April 6 with “Neutral” rating. The stock of Container Store Group Inc (NYSE:TCS) has “Neutral” rating given on Friday, January 8 by JP Morgan. Goldman Sachs initiated the shares of TCS in a report on Thursday, December 17 with “Neutral” rating. The rating was downgraded by Bank of America to “Underperform” on Friday, December 11. On Thursday, August 20 the stock rating was upgraded by BB&T Capital to “Hold”. Sterne Agee CRT maintained the shares of TCS in a report on Sunday, August 16 with “Hold” rating. Goldman Sachs maintained the shares of TCS in a report on Tuesday, April 26 with “Neutral” rating.
According to Zacks Investment Research, “The Container Store Group, Inc. operates as a specialty retailer of storage and organization products in the United States. The company operates in two segments, TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center. Elfa segment designs and manufactures component-based shelving and drawer systems that are customizable for any area of the home, including closets, kitchens, offices and garages. The Container Store Group, Inc. is headquartered in Coppell, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.76 in Q2 2016. Its up 0.67, from 1.09 in 2016Q1. The ratio is positive, as 7 funds sold all Container Store Group Inc shares owned while 18 reduced positions. 17 funds bought stakes while 27 increased positions. They now own 38.39 million shares or 0.03% less from 38.40 million shares in 2016Q1.
Moreover, Renaissance Techs Lc has 0% invested in Container Store Group Inc (NYSE:TCS) for 372,538 shares. Pnc Financial Svcs Grp holds 0% of its portfolio in Container Store Group Inc (NYSE:TCS) for 95 shares. Swiss Bank & Trust reported 30,350 shares or 0% of all its holdings. Millennium Management Ltd Com last reported 194,781 shares in the company. New York State Common Retirement Fund holds 0% or 14,400 shares in its portfolio. Benjamin F Edwards & Incorporated owns 341 shares or 0% of their US portfolio. Livingston Asset Mgmt (Operating As Southport Capital Management) has 3,100 shares for 0.01% of their US portfolio. Manufacturers Life The has invested 0% of its portfolio in Container Store Group Inc (NYSE:TCS). Wells Fargo Co Mn last reported 143,143 shares in the company. Moreover, Tiaa Cref Inv Mgmt Ltd Liability Corporation has 0.01% invested in Container Store Group Inc (NYSE:TCS) for 3.15M shares. Bnp Paribas Arbitrage Sa, a New York-based fund reported 550 shares. Rutabaga Capital Management Limited Co Ma holds 527,039 shares or 0.53% of its portfolio. Sfmg Ltd Company last reported 14,830 shares in the company. Federated Investors Pa last reported 95 shares in the company. Ladenburg Thalmann Finance Serv holds 0% or 3,850 shares in its portfolio.
Insider Transactions: Since August 23, 2016, the stock had 1 insider buy, and 0 selling transactions for $15,015 net activity. STERN CARYL also bought $15,015 worth of Container Store Group Inc (NYSE:TCS) on Tuesday, August 23.
More notable recent Container Store Group Inc (NYSE:TCS) news were published by: Marketwatch.com which released: “Container Store Group Inc.” on June 04, 2011, also Quotes.Wsj.com with their article: “News Container Store Group Inc.TCS” published on October 26, 2013, Fool.com published: “Why Container Store Group Inc. Stock Fell 10% on Tuesday” on March 09, 2016. More interesting news about Container Store Group Inc (NYSE:TCS) were released by: Fool.com and their article: “Why The Container Store Group, Inc. Stock Plummeted Today” published on January 08, 2016 as well as Fool.com‘s news article titled: “Why Did The Container Store Group, Inc. Gain 21% in April?” with publication date: May 07, 2016.
TCS Company Profile
The Container Store Group, Inc., incorporated on June 29, 2007, is a specialty retailer of storage and organization products. The Company’s divisions include The Container Store (TCS), Elfa and Corporate/Other. The Firm merchandises over 11,000 products in each of its stores and online. The Company’s stores are organized into various lifestyle departments, which include Bath, Box, Closets, Collections, Containers, Custom Closets, Food Storage, Gift Packaging, Hooks, Kitchen, Laundry, Office, Shelving, Storage, Trash and Travel. The Bath department’s products include Countertop Organizers, Cosmetic and Jewelry Organizers, Shower and Bathtub Organizers, Drawer Organization and Cabinet Storage. The Box department’s products include Corrugated Boxes, Packing Material, Tape, Storage Bags and Specialty Boxes. The Closets department’s products include Shoe Racks, Hangers, Drawer Organizers, Boxes and Bins, Hanging Storage Bags and Garment Racks. The Collections department’s products include Media Storage, Photo Storage, Display, Small Craft and Parts Organizers. The Containers department’s products include Small Boxes, Small Baskets, Tins, Divided Boxes and Decorative Containers.
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