Container Store (The) (TCS) Rating Lowered to Sell at Zacks Investment Research

Container Store (The) (NYSE:TCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to 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. “

TCS has been the subject of several other research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $4.50 price objective (down previously from $5.25) on shares of Container Store (The) in a report on Thursday, August 31st. Morgan Stanley lifted their price objective on Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, June 21st. Finally, BidaskClub lowered Container Store (The) from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.50.

Container Store (TCS) traded down 0.25% on Wednesday, reaching $4.04. The company’s stock had a trading volume of 83,558 shares. The company’s 50 day moving average price is $4.19 and its 200-day moving average price is $4.70. The stock has a market cap of $195.08 million, a PE ratio of 21.26 and a beta of 1.62. Container Store has a 12-month low of $3.75 and a 12-month high of $8.34.

Container Store (The) (NYSE:TCS) last issued its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported ($0.11) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Container Store (The) had a return on equity of 5.34% and a net margin of 1.13%. The company had revenue of $183.10 million during the quarter, compared to analyst estimates of $183.27 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Container Store (The)’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Container Store will post $0.33 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of TCS. SG Americas Securities LLC bought a new stake in shares of Container Store (The) in the second quarter worth $105,000. Tudor Investment Corp ET AL grew its holdings in shares of Container Store (The) by 8.7% in the first quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 2,104 shares during the period. Blair William & Co. IL grew its holdings in shares of Container Store (The) by 4.0% in the second quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock worth $126,000 after acquiring an additional 825 shares during the period. Bank of America Corp DE grew its holdings in shares of Container Store (The) by 10.6% in the first quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 3,446 shares during the period. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Container Store (The) in the second quarter worth $160,000. 79.11% of the stock is owned by institutional investors.

About Container Store (The)

The Container Store Group, Inc is a specialty retailer of storage and organization products. The Company’s segments include The Container Store (TCS), Elfa and Corporate/Other. The Company’s TCS segment consists of its retail stores, Website and call center, as well as its installation and organizational services business.

Analyst Recommendations for Container Store (The) (NYSE:TCS)

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