Container Store Group (TCS) Cut to “Sell” at Zacks Investment Research

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

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. “

Shares of Container Store Group (NYSE:TCS) traded up $0.06 during midday trading on Thursday, hitting $4.99. The stock had a trading volume of 192,315 shares, compared to its average volume of 227,202. Container Store Group has a twelve month low of $3.53 and a twelve month high of $6.37. The stock has a market capitalization of $238.11, a price-to-earnings ratio of 49.90, a price-to-earnings-growth ratio of 2.04 and a beta of 1.90. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 1.26.

Container Store Group (NYSE:TCS) last announced its earnings results on Tuesday, November 7th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. Container Store Group had a return on equity of 6.18% and a net margin of 0.59%. The business had revenue of $218.40 million for the quarter, compared to analyst estimates of $216.95 million. The firm’s revenue was up 6.5% on a year-over-year basis. research analysts expect that Container Store Group will post 0.34 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of TCS. SG Americas Securities LLC acquired a new position in Container Store Group in the second quarter worth about $105,000. JPMorgan Chase & Co. grew its stake in Container Store Group by 472.2% in the second quarter. JPMorgan Chase & Co. now owns 60,689 shares of the specialty retailer’s stock worth $360,000 after purchasing an additional 50,083 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Container Store Group by 7.9% in the second quarter. TIAA CREF Investment Management LLC now owns 74,194 shares of the specialty retailer’s stock worth $439,000 after purchasing an additional 5,425 shares in the last quarter. California Public Employees Retirement System grew its stake in Container Store Group by 466.6% in the second quarter. California Public Employees Retirement System now owns 823,168 shares of the specialty retailer’s stock worth $4,873,000 after purchasing an additional 677,882 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Container Store Group by 24.1% in the second quarter. Parametric Portfolio Associates LLC now owns 94,362 shares of the specialty retailer’s stock worth $559,000 after purchasing an additional 18,311 shares in the last quarter. Institutional investors and hedge funds own 77.45% of the company’s stock.

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Container Store Group 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.

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