Price Action To Observe: Container Store Group Inc Stock Price Increases Today

Price Action To Observe: Container Store Group Inc Stock Price Increases Today

The stock of Container Store Group Inc (NYSE:TCS) is a huge mover today! About 864,316 shares traded hands or 346.80% up from the average. Container Store Group Inc (NYSE:TCS) has declined 13.09% since April 13, 2016 and is downtrending. It has underperformed by 17.01% the S&P500.
The move comes after 6 months positive chart setup for the $293.37 million company. It was reported on Nov, 15 by Barchart.com. We have $13.94 PT which if reached, will make NYSE:TCS worth $425.39M 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. Goldman Sachs initiated the shares of TCS in a report on Thursday, December 17 with “Neutral” rating. The firm has “Hold” rating given on Thursday, August 20 by BB&T Capital. Credit Suisse maintained Container Store Group Inc (NYSE:TCS) rating on Friday, January 8. Credit Suisse has “Outperform” rating and $10 price target. The stock has “Underperform” rating given by Bank of America on Friday, December 11. The firm earned “Neutral” rating on Tuesday, April 26 by Goldman Sachs. The stock has “Hold” rating given by Sterne Agee CRT on Sunday, August 16. The company was downgraded on Friday, January 8 by JP Morgan. The stock of Container Store Group Inc (NYSE:TCS) earned “Neutral” rating by Goldman Sachs on Wednesday, April 6.

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.
Blackrock Institutional Na accumulated 424,705 shares or 0% of the stock. Oz Management Ltd Partnership, a New York-based fund reported 64,600 shares. Winch Advisory Svcs Lc last reported 0% of its portfolio in the stock. Great West Life Assurance Can reported 2,597 shares or 0% of all its holdings. The Illinois-based Northern Trust has invested 0% in Container Store Group Inc (NYSE:TCS). First Quadrant Lp Ca holds 0% of its portfolio in Container Store Group Inc (NYSE:TCS) for 7,000 shares. Pnc Fincl Incorporated last reported 0% of its portfolio in the stock. The New York-based Citigroup Incorporated has invested 0% in Container Store Group Inc (NYSE:TCS). The United Kingdom-based Blackrock Group Limited has invested 0% in Container Store Group Inc (NYSE:TCS). Legal General Group Public Ltd Co has 0% invested in the company for 2,800 shares. Ladenburg Thalmann Fincl Serv has 3,850 shares for 0% of their US portfolio. Hightower Advsr Ltd Com has 36,079 shares for 0% of their US portfolio. Art Advsr Ltd Llc has 81,468 shares for 0.02% of their US portfolio. The California-based Leonard Green Prtnrs Lp has invested 16.08% in Container Store Group Inc (NYSE:TCS). Commercial Bank Of America Corp De accumulated 0% or 30,803 shares.

Insider Transactions: Since August 23, 2016, the stock had 1 buying transaction, and 0 sales for $15,015 net activity. On Tuesday, August 23 STERN CARYL bought $15,015 worth of the stock or 2,750 shares.

More notable recent Container Store Group Inc (NYSE:TCS) news were published by: Fool.com which released: “Why Shares of The Container Store Group Inc Tumbled 57% in 2015” on January 06, 2016, also Fool.com with their article: “Why Did The Container Store Group, Inc. Gain 21% in April?” published on May 07, 2016, 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 The Container Store Group, Inc. Stock Plunged Today” with publication date: January 25, 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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