The Container Store Group Inc. (NYSE:TCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

Separately, JPMorgan Chase & Co. reiterated a “hold” rating on shares of The Container Store Group in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The Container Store Group has a consensus rating of “Hold” and a consensus target price of $7.83.

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

Shares of The Container Store Group (NYSE:TCS) opened at 5.35 on Wednesday. The Container Store Group has a one year low of $3.77 and a one year high of $12.60. The company’s 50-day moving average price is $5.16 and its 200-day moving average price is $5.52. The company has a market capitalization of $258.72 million, a price-to-earnings ratio of 50.00 and a beta of 1.60.

The Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The business earned $177.40 million during the quarter, compared to analyst estimates of $848.70 million. The Container Store Group had a return on equity of 3.00% and a net margin of 1.03%. The Container Store Group’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) EPS. On average, equities research analysts predict that The Container Store Group will post $0.22 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Oxford Asset Management acquired a new stake in shares of The Container Store Group during the second quarter valued at approximately $841,000. Geode Capital Management LLC increased its stake in shares of The Container Store Group by 20.6% in the first quarter. Geode Capital Management LLC now owns 113,420 shares of the company’s stock valued at $665,000 after buying an additional 19,381 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of The Container Store Group by 586.9% in the first quarter. Renaissance Technologies LLC now owns 83,800 shares of the company’s stock valued at $492,000 after buying an additional 71,600 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of The Container Store Group during the first quarter valued at approximately $700,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of The Container Store Group by 7,625.7% in the first quarter. TIAA CREF Investment Management LLC now owns 4,052,454 shares of the company’s stock valued at $23,788,000 after buying an additional 4,000,000 shares in the last quarter. Institutional investors own 79.79% of the company’s stock.

About The Container Store Group

The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center.

5 Day Chart for NYSE:TCS

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