Could The Container Store Group, Inc. (TCS) Change Direction After Making 52-Week High?

June 17, 2018 - By Vivian Park

The Container Store Group, Inc. (NYSE:TCS) Logo

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.53, from 1.65 in 2017Q4. It fall, as 5 investors sold The Container Store Group, Inc. shares while 28 reduced holdings. 17 funds opened positions while 20 raised stakes. 37.29 million shares or 1.61% less from 37.90 million shares in 2017Q4 were reported.
Synovus Corporation holds 0% or 125 shares in its portfolio. The California-based Leonard Green Ptnrs Limited Partnership has invested 22.72% in The Container Store Group, Inc. (NYSE:TCS). 16,699 are owned by First Limited Partnership. Vanguard Group Incorporated holds 0% or 742,553 shares in its portfolio. Citigroup holds 0% or 6,346 shares in its portfolio. 12,608 were reported by Balyasny Asset Mngmt Limited Liability Corporation. Moreover, Parametric Associate Lc has 0% invested in The Container Store Group, Inc. (NYSE:TCS) for 110,195 shares. Gotham Asset Mngmt Limited Liability reported 11,943 shares. Invesco Limited holds 86,473 shares. Virtu Financial Ltd Liability invested 0.01% of its portfolio in The Container Store Group, Inc. (NYSE:TCS). Lsv Asset Mngmt reported 485,952 shares or 0% of all its holdings. The New York-based New York State Common Retirement Fund has invested 0% in The Container Store Group, Inc. (NYSE:TCS). James Invest Research invested 0% in The Container Store Group, Inc. (NYSE:TCS). Strs Ohio reported 118,900 shares stake. Comml Bank Of Montreal Can owns 0% invested in The Container Store Group, Inc. (NYSE:TCS) for 46,866 shares.

The stock of The Container Store Group, Inc. (NYSE:TCS) hit a new 52-week high and has $9.44 target or 8.00 % above today’s $8.74 share price. The 7 months bullish chart indicates low risk for the $422.12 million company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $9.44 price target is reached, the company will be worth $33.77 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 7.24% or $0.59 during the last trading session, reaching $8.74. About 482,679 shares traded or 90.20% up from the average. The Container Store Group, Inc. (NYSE:TCS) has risen 40.14% since June 17, 2017 and is uptrending. It has outperformed by 27.57% the S&P500.

Analysts await The Container Store Group, Inc. (NYSE:TCS) to report earnings on August, 1. They expect $-0.12 EPS, down 9.09 % or $0.01 from last year’s $-0.11 per share. After $0.18 actual EPS reported by The Container Store Group, Inc. for the previous quarter, Wall Street now forecasts -166.67 % negative EPS growth.

More important recent The Container Store Group, Inc. (NYSE:TCS) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/23: (AVGR) (CARA) (TIF) Higher; (RRGB) (PFNX) (TCS) Lower (more…)” on May 23, 2018, also Seekingalpha.com published article titled: “Spotlight On Gambling Reset And Banking Bill”, Seekingalpha.com published: “The Container Store Group’s (TCS) CEO Melissa Reiff on Q4 2017 Results – Earnings Call Transcript” on May 23, 2018. More interesting news about The Container Store Group, Inc. (NYSE:TCS) was released by: Gurufocus.com and their article: “The Container Store Group Inc (TCS) Files 10-K for the Fiscal Year Ended on March 31, 2018” with publication date: May 31, 2018.

The Container Store Group, Inc. engages in the retailing of storage and organization products and solutions in the United States. The company has market cap of $422.12 million. The firm operates through two divisions, The Container Store and Elfa. It has a 21.85 P/E ratio. The Company’s retail stores provide various lifestyle products, including bath, box, closets, collections, containers, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products.

The Container Store Group, Inc. (NYSE:TCS) Institutional Positions Chart

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