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

Container Store (The) (NYSE:TCS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, August 5th.

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. “

Other equities research analysts also recently issued research reports about the company. Barclays PLC raised their price target on Container Store (The) from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 24th. Jefferies Group LLC raised their price target on Container Store (The) from $4.50 to $5.25 and gave the stock a “hold” rating in a report on Wednesday, May 24th. BidaskClub downgraded Container Store (The) from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley raised their price target on Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.65.

Shares of Container Store (NYSE TCS) traded down 0.46% during trading on Friday, reaching $4.31. The company’s stock had a trading volume of 176,113 shares. The firm’s 50-day moving average is $5.19 and its 200-day moving average is $4.70. The stock has a market capitalization of $208.12 million, a PE ratio of 22.68 and a beta of 1.57. 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) earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $183.27 million. During the same quarter last year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts expect that Container Store will post $0.37 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Container Store (The) during the second quarter worth approximately $105,000. Tudor Investment Corp ET AL increased its stake in 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 buying an additional 2,104 shares during the period. Blair William & Co. IL increased its stake in 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 buying an additional 825 shares during the period. Bank of America Corp DE increased its stake in 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 buying an additional 3,446 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new stake in Container Store (The) during the second quarter worth approximately $160,000. 78.90% of the stock is owned by hedge funds and other 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.

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