Todays Report: The Container Store Group Inc. (TCS) Lowered to “Sell” at Zacks Investment Research

The Container Store Group Inc. (TCS) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of The Container Store Group Inc. (NYSE:TCS) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “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. “

Separately, JPMorgan Chase & Co. restated a hold rating on shares of The Container Store Group in a research note on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $7.83.

The Container Store Group (NYSE:TCS) traded down 2.037% on Wednesday, hitting $4.761. The stock had a trading volume of 66,329 shares. The firm has a 50-day moving average of $5.14 and a 200 day moving average of $5.52. The company has a market capitalization of $230.24 million, a price-to-earnings ratio of 44.495 and a beta of 1.60. The Container Store Group has a 52 week low of $3.77 and a 52 week high of $12.60.

The Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The Container Store Group had a return on equity of 3.00% and a net margin of 1.03%. The company had revenue of $177.40 million for the quarter, compared to analyst estimates of $848.70 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, analysts predict that The Container Store Group will post $0.22 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in The Container Store Group during the second quarter valued at about $124,000. Teachers Advisors Inc. raised its stake in The Container Store Group by 8.0% in the second quarter. Teachers Advisors Inc. now owns 26,611 shares of the company’s stock valued at $142,000 after buying an additional 1,966 shares in the last quarter. Nationwide Fund Advisors raised its stake in The Container Store Group by 236.4% in the second quarter. Nationwide Fund Advisors now owns 34,741 shares of the company’s stock valued at $186,000 after buying an additional 24,415 shares in the last quarter. HighTower Advisors LLC raised its stake in The Container Store Group by 234.7% in the second quarter. HighTower Advisors LLC now owns 36,079 shares of the company’s stock valued at $194,000 after buying an additional 25,299 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in The Container Store Group during the second quarter valued at about $222,000. 79.79% of the stock is owned by institutional investors and hedge funds.

The Container Store Group Company Profile

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.

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