Container Store (The) (NYSE:TCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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. “

Other analysts have also issued research reports about the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 price objective (down previously from $5.25) on shares of Container Store (The) in a research note on Thursday, August 31st. BidaskClub lowered Container Store (The) from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Container Store (The) currently has an average rating of “Hold” and an average target price of $5.50.

Shares of Container Store (NYSE TCS) traded up 1.39% during mid-day trading on Wednesday, reaching $3.66. 78,035 shares of the company traded hands. The stock has a market capitalization of $176.73 million, a price-to-earnings ratio of 19.26 and a beta of 1.62. Container Store has a 52-week low of $3.60 and a 52-week high of $8.34. The company’s 50 day moving average is $4.10 and its 200 day moving average is $4.68.

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

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A number of large investors have recently modified their holdings of TCS. California Public Employees Retirement System boosted its stake in Container Store (The) by 466.6% in the 2nd quarter. California Public Employees Retirement System now owns 823,168 shares of the specialty retailer’s stock worth $4,873,000 after buying an additional 677,882 shares during the last quarter. James Investment Research Inc. acquired a new stake in Container Store (The) in the 2nd quarter worth about $1,570,000. Morgan Stanley boosted its stake in Container Store (The) by 163.3% in the 1st quarter. Morgan Stanley now owns 422,865 shares of the specialty retailer’s stock worth $1,789,000 after buying an additional 262,243 shares during the last quarter. IndexIQ Advisors LLC acquired a new stake in Container Store (The) in the 2nd quarter worth about $663,000. Finally, Acadian Asset Management LLC boosted its stake in Container Store (The) by 1,307.4% in the 2nd quarter. Acadian Asset Management LLC now owns 86,880 shares of the specialty retailer’s stock worth $515,000 after buying an additional 80,707 shares during the last quarter. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

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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