The Container Store Group Inc. (TCS) Rating Increased to Hold at The Zacks Investment Research

The Container Store Group Inc. (TCS) Rating Increased to Hold at The Zacks Investment Research

The Container Store Group Inc. (NYSE:TCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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 report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The Container Store Group currently has a consensus rating of “Hold” and a consensus target price of $6.71.

Shares of The Container Store Group (NYSE:TCS) traded down 1.16% on Wednesday, reaching $5.94. 119,103 shares of the company’s stock traded hands. The firm has a market capitalization of $288.61 million, a P/E ratio of 55.51 and a beta of 1.55. The firm’s 50 day moving average is $5.18 and its 200 day moving average is $5.29. The Container Store Group has a 52 week low of $3.77 and a 52 week high of $10.46.

The Container Store Group (NYSE:TCS) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The Container Store Group had a return on equity of 3.39% and a net margin of 1.13%. The business had revenue of $205.06 million for the quarter, compared to analyst estimates of $205.08 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Analysts expect that The Container Store Group will post $0.26 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of TCS. Jacobs Levy Equity Management Inc. acquired a new stake in shares of The Container Store Group during the first quarter worth about $303,000. Bank of New York Mellon Corp raised its stake in shares of The Container Store Group by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 100,290 shares of the company’s stock worth $536,000 after buying an additional 2,277 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of The Container Store Group during the second quarter worth about $222,000. Rutabaga Capital Management LLC MA acquired a new stake in shares of The Container Store Group during the second quarter worth about $2,820,000. Finally, California Public Employees Retirement System raised its stake in shares of The Container Store Group by 54.1% in the second quarter. California Public Employees Retirement System now owns 62,386 shares of the company’s stock worth $334,000 after buying an additional 21,900 shares during the period. Institutional investors own 82.25% of the company’s stock.

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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