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

Container Store (The) (NYSE:TCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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 research analysts have also recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and set a $4.50 price target (down previously from $5.25) on shares of Container Store (The) in a research report on Thursday, August 31st. BidaskClub cut shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley increased their price target on shares of Container Store (The) from $3.50 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.50.

Container Store (The) (NYSE:TCS) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.11). The business had revenue of $183.10 million during the quarter, compared to analysts’ expectations of $183.27 million. Container Store (The) had a net margin of 1.13% and a return on equity of 5.34%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS.

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A number of institutional investors and hedge funds have recently made changes to their positions in TCS. SG Americas Securities LLC purchased a new stake in Container Store (The) during the 2nd quarter valued at $105,000. Tudor Investment Corp ET AL lifted its position in shares of Container Store (The) by 8.7% in the 1st quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock worth $111,000 after purchasing an additional 2,104 shares during the period. Blair William & Co. IL lifted its position in shares of Container Store (The) by 4.0% in the 2nd quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 825 shares during the period. Bank of America Corp DE lifted its position in shares of Container Store (The) by 10.6% in the 1st quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock worth $152,000 after purchasing an additional 3,446 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of Container Store (The) in the 2nd quarter worth about $160,000. 79.11% of the stock is owned by institutional investors and hedge funds.

Container Store (The) Company Profile

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.

Analyst Recommendations for Container Store (The) (NYSE:TCS)

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