Zacks Investment Research upgraded shares of Container Store Group Inc (NYSE:TCS) from a sell rating to a hold rating in a research note issued to investors 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. “

Several other equities analysts have also recently commented on the stock. Morgan Stanley cut shares of Container Store Group from an equal weight rating to an underweight rating and set a $5.00 target price for the company. in a research report on Tuesday, January 17th. Guggenheim restated a neutral rating on shares of Container Store Group in a research report on Wednesday, February 8th. Finally, Jefferies Group LLC set a $5.00 target price on shares of Container Store Group and gave the company a hold rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $5.63.

Shares of Container Store Group (NYSE:TCS) traded down 1.64% during mid-day trading on Friday, hitting $4.20. The stock had a trading volume of 40,877 shares. The company has a market cap of $204.10 million, a PE ratio of 39.25 and a beta of 1.68. Container Store Group has a one year low of $3.75 and a one year high of $8.34. The firm’s 50 day moving average price is $4.09 and its 200-day moving average price is $5.09.

Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, February 7th. The specialty retailer reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company earned $216.40 million during the quarter, compared to analysts’ expectations of $218.97 million. Container Store Group had a net margin of 1.92% and a return on equity of 6.60%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) EPS. On average, equities research analysts anticipate that Container Store Group will post $0.22 earnings per share for the current fiscal year.

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In other Container Store Group news, Director Robert E. Jordan bought 10,000 shares of Container Store Group stock in a transaction on Thursday, February 9th. The shares were purchased at an average cost of $3.95 per share, with a total value of $39,500.00. Following the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $118,500. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 65.60% of the company’s stock.

Several large investors have recently bought and sold shares of TCS. Rutabaga Capital Management LLC MA raised its stake in Container Store Group by 218.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,676,881 shares of the specialty retailer’s stock worth $8,183,000 after buying an additional 1,149,842 shares in the last quarter. Oxford Asset Management raised its stake in Container Store Group by 80.7% in the fourth quarter. Oxford Asset Management now owns 416,352 shares of the specialty retailer’s stock worth $2,644,000 after buying an additional 185,964 shares in the last quarter. Renaissance Technologies LLC raised its stake in Container Store Group by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 398,300 shares of the specialty retailer’s stock worth $2,529,000 after buying an additional 7,655 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Container Store Group during the fourth quarter worth approximately $2,374,000. Finally, Dimensional Fund Advisors LP raised its stake in Container Store Group by 21.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 279,548 shares of the specialty retailer’s stock worth $1,775,000 after buying an additional 48,597 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors.

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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