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

StockNews.com downgraded shares of The Container Store Group (NYSE:TCS) from a hold rating to a sell rating in a report published on Thursday.

The Container Store Group Stock Down 3.0 %

Shares of TCS opened at $4.50 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.49 and a debt-to-equity ratio of 1.73. The firm has a market cap of $15.53 million, a PE ratio of -0.15 and a beta of 1.08. The Container Store Group has a 12-month low of $3.50 and a 12-month high of $37.80. The stock has a 50-day moving average price of $10.44.

The Container Store Group (NYSE:TCS) last released its quarterly 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 firm had revenue of $181.86 million for the quarter, compared to the consensus estimate of $190.01 million. The Container Store Group had a negative return on equity of 17.81% and a negative net margin of 12.34%. During the same quarter last year, the firm posted ($0.21) earnings per share. On average, equities research analysts expect that The Container Store Group will post -6.36 EPS for the current year.

Institutional Trading of The Container Store Group

A number of institutional investors and hedge funds have recently bought and sold shares of TCS. Renaissance Technologies LLC grew its position in shares of 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 last quarter. Assenagon Asset Management S.A. acquired a new position in shares of The Container Store Group in the second quarter worth approximately $165,000. Jacobs Levy Equity Management Inc. bought a new stake in The Container Store Group in the first quarter valued at approximately $490,000. Finally, Zazove Associates LLC increased its position 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 valued at $536,000 after purchasing an additional 197,831 shares during the period. 67.11% of the stock is currently owned by institutional investors and hedge funds.

About The Container Store Group

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.