Front Street Capital Management, has recently announced that it has increased stake in The Container Store Group Inc. (NYSE:TCS) by 0.12%. After grabbing 2.65 million shares, the institutional investor is now in possession of 3166.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 5.24% having worth around $12.6 million. Moreover, Dimensional Fund Advisors LP increased its share by 0.2 million to have a control over 2.54 million shares. And BlackRock Fund Advisors raised its holdings to 2541.0 shares by acquiring 2.12 million shares or 4.18% of the stake.
The Container Store Group Inc. (TCS) concluded trading on 01/12/23 at a closing price of $5.34, with 0.48 million shares of worth about $2.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.21% during that period and on Thursday the price saw a gain of about 3.89%. Currently the company’s common shares owned by public are about 50.00M shares, out of which, 33.45M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 28 times over the past 12 months. They bought 1,020,260 shares in 20 of the transactions. In 8 selling transactions, insiders dumped 38,841 shares.
Vanguard Total Stock Market Index, Tarkio Fund, and DFA US Small Cap Value Portfolio are the top 3 mutual funds which are holding stakes in The Container Store Group Inc. Vanguard Total Stock Market Index is currently holding 1.37 million shares of worth totaling $6.52 million. The company recently came buying 0.51 million shares which brought its stake up to 2.71% of the company’s outstanding shares. Tarkio Fund bought 8950.0 shares, after which its hold over company’s outstanding shares expand to 2.08%, leaving 1.05 million shares with the mutual fund that have a worth of about $5.01 million. DFA US Small Cap Value Portfolio, after buying 0.78 million shares, have now control over 1.54% of the stake in the company. It holds 0.17 million shares of worth $3.71 million.
The Container Store Group Inc. (NYSE: TCS) started trading at $5.15, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 5.35, or with a gain of 3.89%. Stock saw a price change of 17.62% in past 5 days and over the past one month there was a price change of 10.33%. Year-to-date (YTD), TCS shares are showing a performance of 23.90% which decreased to -51.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.89 but also hit the highest price of $11.10 during that period. The average intraday trading volume for The Container Store Group Inc. shares is 471.50K. The stock is currently trading 19.54% above its 20-day simple moving average (SMA20), while that difference is up 15.61% for SMA50 and it goes to -15.89% lower than SMA200.
Front Street Capital Management, acquired 2.65 million shares of The Container Store Group Inc. having value of about $12.6 million. Data submitted at the U.S SEC by Front Street Capital Management, revealed that the firm now holds 3166.0 shares in the company valued at close to $16906.44, or have control over 0.12% stake in the company. The Container Store Group Inc. (NYSE: TCS) currently have 50.00M outstanding shares and institutions hold larger chunk of about 83.40% of that. Holding of mutual funds in the company is about 28.65% while other institutional holders and individual stake holders have control over 43.07% and 23.95% of the stake respectively.
The stock has a current market capitalization of $262.89M and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 4.26, while it has posted earnings per share of $1.25 in the same period. Its PEG reads 0.28 and has Quick Ratio of 0.30 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TCS, volatility over the week remained 3.96% while standing at 5.12% over the month.
Analysts are in expectations that The Container Store Group Inc. (TCS) stock would likely to be making an EPS of $0.23 in the current quarter, while forecast for next quarter EPS is $0.25 and it is $1.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.54 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.60% while it is estimated to decrease by -8.02% in next year. EPS is likely to shrink at an annualized rate of 15.30% for next 5-years, compared to annual growth of 39.20% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the The Container Store Group Inc. (TCS)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 4 Wall Street analysts, 1 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Lake Street on April 13, 2022 offering a Buy rating for the stock and assigned a target price of $10 to it. Coverage by Goldman stated The Container Store Group Inc. (TCS) stock as a Neutral in their note to investors on November 09, 2020, suggesting a price target of $10 for the stock. On August 04, 2020, Goldman Downgrade their recommendations, while on October 17, 2019, Goldman Upgrade their ratings for the stock with a price target of $5.25. Stock get a Sell rating from Goldman on July 11, 2019.
