The Container Store Group (NYSE:TCS) Stock Rating Lowered by StockNews.com

The Container Store Group (NYSE:TCS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

The Container Store Group Price Performance

Shares of The Container Store Group stock traded down $0.58 during trading hours on Thursday, hitting $4.66. 1,261,803 shares of the company were exchanged, compared to its average volume of 70,164. The Container Store Group has a 1 year low of $3.50 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.31 and a quick ratio of 0.49. The stock has a market capitalization of $240.40 million, a PE ratio of -2.23 and a beta of 1.02.

The Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, August 6th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $181.86 million for the quarter, compared to analyst estimates of $190.01 million. The Container Store Group had a negative return on equity of 9.77% and a negative net margin of 12.91%. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Equities analysts predict that The Container Store Group will post -6.36 earnings per share for the current year.

Hedge Funds Weigh In On The Container Store Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Zazove Associates LLC raised its position in shares of The Container Store Group by 72.6% during the 1st quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock worth $536,000 after purchasing an additional 197,831 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in The Container Store Group in the 1st quarter valued at about $490,000. Assenagon Asset Management S.A. bought a new stake in The Container Store Group during the second quarter worth approximately $165,000. Finally, Renaissance Technologies LLC raised its stake in shares of The Container Store Group by 21.0% in the 2nd quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock worth $48,000 after buying an additional 15,300 shares in the last quarter. 67.11% of the stock is owned by institutional investors and hedge funds.

The Container Store Group Company Profile

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.