Zacks Investment Research Downgrades Container Store Group (TCS) to Sell

Zacks Investment Research lowered shares of Container Store Group (NYSE:TCS) from a hold rating to a sell rating in a research note released on Friday morning.

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 $4.99 on Friday. Container Store Group has a 52 week low of $3.53 and a 52 week high of $6.37. The stock has a market capitalization of $241.01, a price-to-earnings ratio of 62.38, a PEG ratio of 1.11 and a beta of 1.83. The company has a quick ratio of 0.55, a current ratio of 1.34 and a debt-to-equity ratio of 1.21.

Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, February 6th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Container Store Group had a return on equity of 5.91% and a net margin of 3.34%. The business had revenue of $223.00 million during the quarter, compared to the consensus estimate of $227.58 million. Container Store Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. research analysts expect that Container Store Group will post 0.35 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Container Store Group by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 282,165 shares of the specialty retailer’s stock worth $1,670,000 after purchasing an additional 2,617 shares in the last quarter. State Street Corp grew its stake in shares of Container Store Group by 1.4% in the second quarter. State Street Corp now owns 255,896 shares of the specialty retailer’s stock worth $1,516,000 after purchasing an additional 3,617 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Container Store Group by 7.9% in the second quarter. TIAA CREF Investment Management LLC now owns 74,194 shares of the specialty retailer’s stock worth $439,000 after purchasing an additional 5,425 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Container Store Group by 14.5% in the second quarter. Royal Bank of Canada now owns 77,282 shares of the specialty retailer’s stock worth $457,000 after purchasing an additional 9,778 shares in the last quarter. Finally, PEAK6 Investments L.P. grew its stake in shares of Container Store Group by 37.3% in the third quarter. PEAK6 Investments L.P. now owns 60,309 shares of the specialty retailer’s stock worth $254,000 after purchasing an additional 16,373 shares in the last quarter. 77.36% of the stock is owned by institutional investors.

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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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