The Container Store Group, Inc. (NYSE:TCS) Short Interest Down 15.2% in April

The Container Store Group, Inc. (NYSE:TCS) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 479,000 shares, a decrease of 15.2% from the March 31st total of 565,000 shares. Based on an average daily trading volume, of 337,500 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.4% of the company’s shares are sold short.

The Container Store Group Price Performance

The Container Store Group stock traded down $0.04 during mid-day trading on Tuesday, hitting $0.84. The company’s stock had a trading volume of 319,529 shares, compared to its average volume of 336,589. The Container Store Group has a one year low of $0.83 and a one year high of $3.71. The company has a 50 day moving average of $1.10 and a 200-day moving average of $1.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.37 and a current ratio of 1.21.

The Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The company had revenue of $214.90 million during the quarter, compared to analyst estimates of $214.06 million. The Container Store Group had a negative net margin of 25.64% and a negative return on equity of 2.08%. On average, sell-side analysts forecast that The Container Store Group will post -0.35 earnings per share for the current year.

Institutional Trading of The Container Store Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new stake in The Container Store Group during the 4th quarter worth approximately $34,000. Platform Technology Partners acquired a new position in shares of The Container Store Group in the 3rd quarter valued at $47,000. Patriot Financial Group Insurance Agency LLC purchased a new position in The Container Store Group in the 3rd quarter worth $77,000. Barclays PLC lifted its position in The Container Store Group by 68.0% during the 3rd quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 44,976 shares during the period. Finally, Zazove Associates LLC purchased a new stake in The Container Store Group during the 4th quarter valued at about $621,000. Institutional investors own 67.11% of the company’s stock.

The Container Store Group Company Profile

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 organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.