The Container Store Group Inc. (NYSE:TCS) dropped 3.7% during mid-day trading on Wednesday . The stock traded as low as $5.56 and last traded at $5.66, with a volume of 139,913 shares traded. The stock had previously closed at $5.88.

TCS has been the subject of several recent research reports. Zacks Investment Research upgraded The Container Store Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 23rd. Barclays PLC started coverage on The Container Store Group in a report on Wednesday, March 30th. They set an “equal weight” rating and a $6.00 price target for the company. Goldman Sachs Group Inc. upped their price objective on The Container Store Group from $5.30 to $5.75 and gave the company a “neutral” rating in a research note on Wednesday, April 6th. Finally, Jefferies Group restated a “hold” rating on shares of The Container Store Group in a research note on Tuesday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The Container Store Group presently has an average rating of “Hold” and a consensus price target of $10.39.

The stock has a market capitalization of $271.12 million and a P/E ratio of 52.80. The firm has a 50-day moving average of $5.21 and a 200-day moving average of $5.55.

The Container Store Group (NYSE:TCS) last released its earnings results on Monday, April 25th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The firm earned $232.10 million during the quarter, compared to the consensus estimate of $230.53 million. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts forecast that The Container Store Group Inc. will post $0.25 earnings per share for the current fiscal year.

An institutional investor recently raised its position in The Container Store Group stock. Wells Fargo & Company MN boosted its position in shares of The Container Store Group Inc. (NYSE:TCS) by 27.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,780 shares of the company’s stock after buying an additional 28,142 shares during the period. Wells Fargo & Company MN owned 0.27% of The Container Store Group worth $1,065,000 at the end of the most recent quarter.

The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center.

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