Container Store Group (TCS) Rating Increased to B- at TheStreet

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TheStreet upgraded shares of Container Store Group (NYSE:TCS) from a c- rating to a b- rating in a research note published on Tuesday, TheStreetRatingsTable reports.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Container Store Group from a hold rating to a sell rating in a report on Wednesday, February 13th. ValuEngine raised shares of Container Store Group from a sell rating to a hold rating in a report on Thursday, January 24th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of Hold and a consensus price target of $9.00.

NYSE TCS opened at $8.01 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.16 and a debt-to-equity ratio of 0.96. The firm has a market cap of $405.95 million, a P/E ratio of 19.07 and a beta of 2.37. Container Store Group has a 1 year low of $4.21 and a 1 year high of $12.42.

Container Store Group (NYSE:TCS) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $253.20 million during the quarter, compared to the consensus estimate of $243.20 million. Container Store Group had a net margin of 2.42% and a return on equity of 8.23%. Container Store Group’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. On average, equities research analysts expect that Container Store Group will post 0.44 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of TCS. Renaissance Technologies LLC boosted its holdings in Container Store Group by 176.6% in the 3rd quarter. Renaissance Technologies LLC now owns 374,300 shares of the specialty retailer’s stock valued at $4,155,000 after purchasing an additional 239,000 shares during the period. AQR Capital Management LLC boosted its holdings in Container Store Group by 115.6% in the 3rd quarter. AQR Capital Management LLC now owns 28,630 shares of the specialty retailer’s stock valued at $318,000 after purchasing an additional 15,348 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Container Store Group by 22.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 320,959 shares of the specialty retailer’s stock valued at $3,563,000 after purchasing an additional 58,847 shares during the period. Teachers Advisors LLC boosted its holdings in Container Store Group by 28.4% in the 3rd quarter. Teachers Advisors LLC now owns 36,614 shares of the specialty retailer’s stock valued at $406,000 after purchasing an additional 8,091 shares during the period. Finally, Strs Ohio boosted its holdings in Container Store Group by 87.8% in the 4th quarter. Strs Ohio now owns 114,200 shares of the specialty retailer’s stock valued at $544,000 after purchasing an additional 53,400 shares during the period. 78.74% of the stock is owned by hedge funds and other institutional investors.

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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