Zacks Investment Research cut shares of Container Store (The) (NYSE:TCS) from a buy rating to a hold rating in a research report released on Saturday 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. “

Other equities research analysts have also issued research reports about the stock. Jefferies Group LLC lifted their target price on shares of Container Store (The) from $4.50 to $5.25 and gave the company a hold rating in a research note on Wednesday, May 24th. BidaskClub lowered shares of Container Store (The) from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. Morgan Stanley lifted their target price on shares of Container Store (The) from $3.50 to $4.00 and gave the company an underweight rating in a research note on Wednesday, June 21st. Finally, Barclays PLC lifted their target price on shares of Container Store (The) from $5.00 to $6.00 and gave the company an equal weight rating in a research note on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $5.65.

Shares of Container Store (TCS) traded up 8.80% during trading on Friday, hitting $4.70. 553,557 shares of the stock traded hands. The company has a 50 day moving average price of $5.63 and a 200 day moving average price of $4.74. The firm has a market cap of $225.82 million, a price-to-earnings ratio of 24.74 and a beta of 1.57. Container Store has a 12 month low of $3.75 and a 12 month high of $8.34.

Container Store (The) (NYSE:TCS) last announced its earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $183.10 million for the quarter, compared to analyst estimates of $183.27 million. Container Store (The) had a net margin of 1.13% and a return on equity of 5.34%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) EPS. Analysts anticipate that Container Store will post $0.34 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Container Store (The) during the fourth quarter valued at approximately $675,000. State Street Corp raised its stake in Container Store (The) by 1.6% in the fourth quarter. State Street Corp now owns 253,579 shares of the specialty retailer’s stock valued at $1,613,000 after buying an additional 3,997 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Container Store (The) by 21.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 279,548 shares of the specialty retailer’s stock valued at $1,775,000 after buying an additional 48,597 shares during the last quarter. Renaissance Technologies LLC raised its stake in Container Store (The) by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 398,300 shares of the specialty retailer’s stock valued at $2,529,000 after buying an additional 7,655 shares during the last quarter. 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 valued at $173,000 after buying an additional 629 shares during the last quarter. 78.81% 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.

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

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