Barclays PLC Sells 61,725 Shares of The Container Store Group, Inc. (NYSE:TCS)

Barclays PLC reduced its stake in shares of The Container Store Group, Inc. (NYSE:TCS) by 93.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,408 shares of the specialty retailer’s stock after selling 61,725 shares during the quarter. Barclays PLC owned about 0.13% of The Container Store Group worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Renaissance Technologies LLC lifted its position in shares of The Container Store Group by 21.0% in the second quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock worth $48,000 after buying an additional 15,300 shares in the last quarter. Hedge funds and other institutional investors own 67.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of The Container Store Group in a research report on Monday, January 20th. They set a “hold” rating for the company.

The Container Store Group Stock Performance

Shares of NYSE:TCS opened at $0.28 on Friday. The stock’s 50 day moving average is $1.74. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. The Container Store Group, Inc. has a one year low of $1.79 and a one year high of $37.80. The stock has a market capitalization of $979,738.90, a price-to-earnings ratio of -0.01 and a beta of 1.01.

The Container Store Group (NYSE:TCS) last released its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($3.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($3.18). The business had revenue of $196.58 million for the quarter, compared to the consensus estimate of $197.68 million. The Container Store Group had a negative net margin of 12.34% and a negative return on equity of 17.81%. During the same quarter in the prior year, the business posted $0.15 earnings per share. Equities research analysts predict that The Container Store Group, Inc. will post -6.36 EPS for the current fiscal year.

About The Container Store Group

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, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.