Container Store Group (TCS) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Container Store Group (NYSE:TCS) from a sell rating to a hold rating in a research report released on Friday morning.
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 (TCS) traded down $0.19 during trading hours on Friday, hitting $4.67. 257,224 shares of the company were exchanged, compared to its average volume of 219,726. The company has a current ratio of 1.34, a quick ratio of 0.46 and a debt-to-equity ratio of 1.21. Container Store Group has a twelve month low of $3.53 and a twelve month high of $6.37. The company has a market cap of $234.88, a P/E ratio of 8.05, a PEG ratio of 1.07 and a beta of 1.83.
A number of institutional investors have recently bought and sold shares of TCS. JPMorgan Chase & Co. boosted its stake in Container Store Group by 472.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,689 shares of the specialty retailer’s stock valued at $360,000 after purchasing an additional 50,083 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Container Store Group by 7.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,194 shares of the specialty retailer’s stock valued at $439,000 after purchasing an additional 5,425 shares during the period. California Public Employees Retirement System boosted its stake in Container Store Group by 466.6% during the 2nd quarter. California Public Employees Retirement System now owns 823,168 shares of the specialty retailer’s stock valued at $4,873,000 after purchasing an additional 677,882 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Container Store Group by 24.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 94,362 shares of the specialty retailer’s stock valued at $559,000 after purchasing an additional 18,311 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new position in Container Store Group during the 2nd quarter valued at about $160,000. 76.97% of the stock is owned by hedge funds and other institutional investors.
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About Container Store Group
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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