Zacks Investment Research downgraded shares of Container Store Group (NYSE:TCS) from a hold rating to a sell rating in a research note published 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) opened at $4.99 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.34 and a debt-to-equity ratio of 1.21. Container Store Group has a 12 month low of $3.53 and a 12 month high of $6.37. The stock has a market capitalization of $241.16, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.83.
Large investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC bought a new stake in Container Store Group in the 2nd quarter worth approximately $160,000. Virtu Financial LLC increased its position in shares of Container Store Group by 141.0% during the 4th quarter. Virtu Financial LLC now owns 35,480 shares of the specialty retailer’s stock valued at $168,000 after purchasing an additional 20,757 shares during the last quarter. Deutsche Bank AG increased its position in shares of Container Store Group by 145.9% during the 4th quarter. Deutsche Bank AG now owns 36,497 shares of the specialty retailer’s stock valued at $172,000 after purchasing an additional 21,657 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Container Store Group during the 4th quarter valued at approximately $177,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Container Store Group during the 4th quarter valued at approximately $210,000. 77.21% of the stock is currently owned by institutional investors and hedge funds.
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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