Container Store Group Inc (NYSE:TCS) Receives $8.06 Average PT from Brokerages

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Container Store Group Inc (NYSE:TCS) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $8.06.

TCS has been the topic of several research analyst reports. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Goldman Sachs Group upgraded Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Thursday, July 11th. Barclays reiterated a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Zacks Investment Research upgraded Zurich Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 18th. Finally, TheStreet upgraded Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th.

Shares of TCS stock traded up $0.20 on Thursday, reaching $7.05. 16,781 shares of the company’s stock were exchanged, compared to its average volume of 240,398. Container Store Group has a 52 week low of $4.21 and a 52 week high of $12.42. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.96. The company has a market cap of $337.23 million, a PE ratio of 16.71 and a beta of 2.31. The business has a fifty day moving average of $7.34.

Container Store Group (NYSE:TCS) last issued its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Container Store Group had a return on equity of 8.23% and a net margin of 2.42%. The firm had revenue of $253.20 million during the quarter, compared to analyst estimates of $243.20 million. During the same period last year, the company earned $0.18 EPS. Container Store Group’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts predict that Container Store Group will post 0.49 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in Container Store Group by 61.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,487 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 1,714 shares during the period. Bank of America Corp DE raised its holdings in Container Store Group by 7.4% in the 4th quarter. Bank of America Corp DE now owns 57,876 shares of the specialty retailer’s stock worth $276,000 after purchasing an additional 4,008 shares during the period. First Trust Advisors LP raised its holdings in Container Store Group by 18.8% in the 4th quarter. First Trust Advisors LP now owns 27,330 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 4,329 shares during the period. Geode Capital Management LLC raised its holdings in Container Store Group by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 160,947 shares of the specialty retailer’s stock worth $767,000 after purchasing an additional 6,761 shares during the period. Finally, Rhumbline Advisers raised its holdings in Container Store Group by 44.6% in the 4th quarter. Rhumbline Advisers now owns 22,543 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 6,953 shares during the period. 78.09% of the stock is owned by institutional investors.

Container Store Group Company Profile

The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.

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