The Container Store Group (NYSE:TCS) Lowered to Sell Rating by StockNews.com

by · The Markets Daily

The Container Store Group (NYSE:TCS – Get Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

The Container Store Group Price Performance

Shares of NYSE:TCS traded down $0.58 during mid-day trading on Thursday, reaching $4.66. The stock had a trading volume of 1,261,803 shares, compared to its average volume of 70,164. The Container Store Group has a 1 year low of $3.50 and a 1 year high of $37.80. The company has a market capitalization of $240.40 million, a P/E ratio of -2.23 and a beta of 1.02. The company has a current ratio of 1.31, a quick ratio of 0.49 and a debt-to-equity ratio of 1.47.

The Container Store Group (NYSE:TCS – Get Free Report) last announced its earnings results on Tuesday, August 6th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The Container Store Group had a negative net margin of 12.91% and a negative return on equity of 9.77%. The firm had revenue of $181.86 million during the quarter, compared to analysts’ expectations of $190.01 million. During the same period in the prior year, the company posted ($0.21) EPS. On average, equities research analysts forecast that The Container Store Group will post -6.36 earnings per share for the current fiscal year.

Institutional Trading of The Container Store Group

Several large investors have recently bought and sold shares of TCS. Jacobs Levy Equity Management Inc. purchased a new stake in The Container Store Group during the 1st quarter worth approximately $490,000. Zazove Associates LLC lifted its stake in The Container Store Group by 72.6% during the 1st quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock worth $536,000 after acquiring an additional 197,831 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of The Container Store Group during the second quarter worth about $165,000. Finally, Renaissance Technologies LLC boosted its position in The Container Store Group by 21.0% in the 2nd quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock valued at $48,000 after buying an additional 15,300 shares during the period. Hedge funds and other institutional investors own 67.11% of the company’s stock.

The Container Store Group Company Profile

(Get Free Report)

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.

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