Container Store Group (NYSE:TCS) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Container Store Group (NYSE:TCS) from a hold rating to a sell rating in a research report sent to investors on Thursday, January 11th.

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. “

Container Store Group (NYSE TCS) opened at $4.51 on Thursday. The stock has a market capitalization of $226.52, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.97 and a beta of 1.83. Container Store Group has a twelve month low of $3.53 and a twelve month high of $6.37. The company has a current ratio of 1.26, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Container Store Group (NYSE:TCS) last announced its earnings results on Tuesday, November 7th. The specialty retailer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Container Store Group had a net margin of 0.59% and a return on equity of 6.18%. The business had revenue of $218.40 million during the quarter, compared to the consensus estimate of $216.95 million. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. sell-side analysts forecast that Container Store Group will post 0.34 EPS for the current year.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Container Store Group in the second quarter valued at about $105,000. Virtu KCG Holdings LLC acquired a new stake in Container Store Group in the second quarter valued at about $160,000. Tudor Investment Corp ET AL lifted its position in Container Store Group by 49.2% in the second quarter. Tudor Investment Corp ET AL now owns 39,096 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 12,901 shares during the period. Strs Ohio acquired a new stake in shares of Container Store Group during the 3rd quarter valued at approximately $187,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Container Store Group during the 2nd quarter valued at approximately $275,000. Hedge funds and other institutional investors own 76.97% of the company’s stock.

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About Container Store Group

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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