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. “

A number of other analysts also recently weighed in on the stock. 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 report on Wednesday, June 21st. BidaskClub downgraded shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $4.50 price target (down from $5.25) on shares of Container Store (The) in a report on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.50.

Container Store (NYSE TCS) traded down 0.25% during mid-day trading on Wednesday, hitting $4.04. 83,158 shares of the stock were exchanged. Container Store has a 1-year low of $3.75 and a 1-year high of $8.34. The stock has a 50 day moving average price of $4.19 and a 200 day moving average price of $4.70. The company has a market capitalization of $195.08 million, a PE ratio of 21.26 and a beta of 1.62.

Container Store (The) (NYSE:TCS) last posted its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Container Store (The) had a net margin of 1.13% and a return on equity of 5.34%. The business had revenue of $183.10 million during the quarter, compared to the consensus estimate of $183.27 million. During the same period in the prior year, the firm earned ($0.04) EPS. Container Store (The)’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Container Store will post $0.33 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Container Store (The) by 2.4% in the 4th quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock valued at $173,000 after buying an additional 629 shares in the last quarter. Blair William & Co. IL raised its stake 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 valued at $126,000 after buying an additional 825 shares in the last quarter. Tudor Investment Corp ET AL raised its stake 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 valued at $111,000 after buying an additional 2,104 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Container Store (The) by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 100,290 shares of the specialty retailer’s stock valued at $536,000 after buying an additional 2,277 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Container Store (The) by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 282,165 shares of the specialty retailer’s stock valued at $1,670,000 after buying an additional 2,617 shares in the last quarter. Institutional investors own 79.11% of the company’s stock.

About Container Store (The)

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

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