Container Store (The) (TCS) Lowered to Hold at Zacks Investment Research

Container Store (The) (NYSE:TCS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday, August 5th.

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. “

Several other brokerages have also commented on TCS. Morgan Stanley boosted their price target on shares of Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, June 21st. Jefferies Group LLC upped their target price on shares of Container Store (The) from $4.50 to $5.25 and gave the stock a “hold” rating in a report on Wednesday, May 24th. BidaskClub lowered shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Barclays PLC boosted their price target on shares of Container Store (The) from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Container Store (The) presently has a consensus rating of “Hold” and a consensus target price of $5.65.

Shares of Container Store (TCS) traded down 0.46% during trading on Friday, reaching $4.31. 176,113 shares of the company traded hands. The firm’s 50 day moving average is $5.19 and its 200-day moving average is $4.70. Container Store has a 12-month low of $3.75 and a 12-month high of $8.34. The stock has a market capitalization of $208.12 million, a P/E ratio of 22.68 and a beta of 1.57.

Container Store (The) (NYSE:TCS) last posted its earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Container Store (The) had a net margin of 1.13% and a return on equity of 5.34%. The firm had revenue of $183.10 million during the quarter, compared to analysts’ expectations of $183.27 million. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Container Store will post $0.37 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Container Store (The) (TCS) Lowered to Hold at Zacks Investment Research” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/container-store-the-tcs-downgraded-by-zacks-investment-research-to-hold-updated.html.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Container Store (The) during the second quarter valued at about $105,000. Blair William & Co. IL raised its stake in Container Store (The) by 4.0% in the second quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock worth $126,000 after buying an additional 825 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in Container Store (The) by 8.7% in the first quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock worth $111,000 after buying an additional 2,104 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in Container Store (The) during the second quarter worth $160,000. Finally, Teachers Advisors LLC raised its stake in Container Store (The) by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock worth $173,000 after buying an additional 629 shares during the last quarter. 78.90% of the stock is currently owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Container Store (The) (TCS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

What are top analysts saying about Container Store (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Container Store (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit