Container Store Group (NYSE:TCS) Downgraded to D+ at TheStreet

TheStreet lowered shares of Container Store Group (NYSE:TCS) from a c rating to a d+ rating in a research note released on Wednesday morning, TheStreetRatingsTable reports.

TCS has been the subject of several other reports. Zacks Investment Research upgraded shares of Container Store Group from a hold rating to a buy rating and set a $3.25 target price for the company in a research report on Saturday, May 30th. ValuEngine upgraded shares of Container Store Group from a hold rating to a buy rating in a research report on Wednesday.

Shares of TCS stock opened at $3.45 on Wednesday. The company has a 50 day moving average price of $3.59 and a 200-day moving average price of $3.20. Container Store Group has a 52 week low of $1.80 and a 52 week high of $7.00. The firm has a market capitalization of $173.74 million, a PE ratio of 9.74 and a beta of 2.02. The company has a quick ratio of 0.60, a current ratio of 1.16 and a debt-to-equity ratio of 2.27.

Container Store Group (NYSE:TCS) last announced its earnings results on Tuesday, July 28th. The specialty retailer reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.07). The business had revenue of $151.69 million for the quarter. Container Store Group had a net margin of 0.22% and a return on equity of 1.26%. Analysts anticipate that Container Store Group will post 0.01 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. First Trust Advisors LP lifted its holdings in Container Store Group by 7.9% during the second quarter. First Trust Advisors LP now owns 33,656 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 2,460 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Container Store Group by 3.2% in the first quarter. Geode Capital Management LLC now owns 202,244 shares of the specialty retailer’s stock worth $477,000 after buying an additional 6,292 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Container Store Group by 69.2% in the first quarter. Deutsche Bank AG now owns 15,941 shares of the specialty retailer’s stock worth $38,000 after buying an additional 6,519 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Container Store Group by 5.8% in the first quarter. Royal Bank of Canada now owns 123,617 shares of the specialty retailer’s stock worth $291,000 after buying an additional 6,770 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Container Store Group by 16.4% in the first quarter. Wells Fargo & Company MN now owns 58,903 shares of the specialty retailer’s stock worth $138,000 after buying an additional 8,304 shares in the last quarter. 88.59% of the stock is currently owned by institutional investors and hedge funds.

Container Store Group Company Profile

The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.

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