Horrell Capital Management adds Container Store Group Inc (TCS) to its portfolio

Container Store Group Inc (TCS) : Horrell Capital Management added new position in Container Store Group Inc during the most recent quarter end. The investment management firm now holds 10,000 shares of Container Store Group Inc which is valued at $63,400 , the company said in a statement filed on Apr 21, 2016 with the SEC.Container Store Group Inc makes up approximately 0.04% of Horrell Capital Management’s portfolio.

Container Store Group Inc opened for trading at $6.92 and hit $7.34 on the upside on Wednesday, eventually ending the session at $6.91, with a gain of 0.14% or 0.01 points. The heightened volatility saw the trading volume jump to 9,34,732 shares. Company has a market cap of $332 M.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in TCS during the most recent quarter. The investment firm sold 49,420 shares of TCS which is valued $294,543. Benjamin F. Edwards Company added TCS to its portfolio by purchasing 341 company shares during the most recent quarter which is valued at $2,032. Creative Planning added TCS to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $29.

On the company’s financial health, Container Store Group Inc reported $0.20 EPS for the quarter, based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $232.07 million for the quarter, compared to analysts expectations of $231.59 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Container Store Group Inc. Barclays Initiated Container Store Group Inc on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $6.

The Container Store Group Inc. is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. 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. In the TCS segment all of the Company’s merchandise flows through a centralized distribution center prior to transport to its retail stores. The Company’s Coppell TX distribution center uses a warehouse management system that is designed to optimize distribution operations from picking and packing to slotting and labor management.

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