Why Are These Four Stocks on the Move Today?

Container Store Group Inc (NYSE:TCS) shares have dropped by around 40% in morning trading after the specialty retailer delivered a terrible third quarter results. For the quarter, the company reported a loss of $0.04 per share, missing estimates by $0.09 per share, and revenue of $197.24 million, falling short of sales expectations by $2.4 million. Comparable store sales inched up by 0.5% year-over-year but the company’s consolidated gross margin dropped 70 basis points. Container Store Group Inc (NYSE:TCS) also issued a disappointing guidance for the full fiscal 2015:

“The Company now expects consolidated net sales to be $785 to $795 million based on announced store openings and an expected comparable store sales decline of 1.0% to 1.6%. Net income is now expected to be $0.10 to $0.13 per diluted share based on estimated diluted shares outstanding of 49 million […] This updated full year outlook implies fourth quarter consolidated net sales of $222 to $232 million, a comparable store sales decline of 3% to 5% and net income per diluted share of $0.19 to $0.22.”

The hedge fund sentiment towards Container Store Group Inc (NYSE:TCS) has been stable with eight funds from our database holding the stock, according to the last round of 13F filings.

Acuity Brands, Inc. (NYSE:AYI) is 6.4% in the red today as investors sell the stock on the back of a mixed earnings report. Although the company’s first-quarter earnings of $1.65 exceeded estimates by $0.07 per share, Acuity Brands’ sales of $736.6 million missed revenue expectations by $3.71 million. Gross profit margin jumped by 120 basis points year-over-year to 43.4% and adjusted operating profit margin rose by 100 basis points to come in at 15.9%. Acuity Brands, Inc. (NYSE:AYI) didn’t give any hard guidance numbers. Among the funds we follow, the number of investors long the stock rose to 33 from 27 during the third quarter.

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