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

Container Store Group (NYSE:TCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, Zacks.com reports.

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. “

Several other equities analysts also recently commented on TCS. TheStreet downgraded shares of Container Store Group from a “c” rating to a “d+” rating in a research note on Wednesday. ValuEngine raised shares of Container Store Group from a “hold” rating to a “buy” rating in a research note on Wednesday.

Shares of NYSE:TCS opened at $3.45 on Friday. The company has a market cap of $173.75 million, a price-to-earnings ratio of 9.08 and a beta of 2.02. The company has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.20. The company has a current ratio of 1.16, a quick ratio of 0.60 and a debt-to-equity ratio of 2.27. Container Store Group has a 12 month low of $1.80 and a 12 month high of $7.00.

Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, July 28th. The specialty retailer reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.07). The firm had revenue of $151.69 million for the quarter. Container Store Group had a net margin of 0.22% and a return on equity of 1.26%. As a group, research analysts forecast that Container Store Group will post 0.01 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG grew its holdings in Container Store Group by 69.2% in the first quarter. Deutsche Bank AG now owns 15,941 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 6,519 shares during the period. Marshall Wace LLP purchased a new stake in Container Store Group in the first quarter worth about $186,000. UBS Group AG grew its holdings in Container Store Group by 60.5% in the fourth quarter. UBS Group AG now owns 23,544 shares of the specialty retailer’s stock worth $99,000 after purchasing an additional 8,873 shares during the period. First Trust Advisors LP grew its holdings in Container Store Group by 7.9% in the second quarter. First Trust Advisors LP now owns 33,656 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 2,460 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Container Store Group by 94.5% in the first quarter. JPMorgan Chase & Co. now owns 43,210 shares of the specialty retailer’s stock worth $102,000 after purchasing an additional 20,991 shares during the period. Institutional investors own 88.59% of the company’s stock.

Container Store Group Company Profile

The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.

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