Shares of Container Store (The) (NYSE:TCS) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.83.
TCS has been the topic of several research reports. BidaskClub cut shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Container Store (The) from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $4.50 target price (down previously from $5.25) on shares of Container Store (The) in a report on Thursday, August 31st.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Container Store (The) in the second quarter valued at approximately $105,000. Blair William & Co. IL raised its holdings in Container Store (The) by 4.0% during the second quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 825 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in Container Store (The) by 8.7% during the first quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock worth $111,000 after purchasing an additional 2,104 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in Container Store (The) during the second quarter worth approximately $160,000. Finally, Bank of America Corp DE raised its holdings in Container Store (The) by 10.6% during the first quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock worth $152,000 after purchasing an additional 3,446 shares in the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Container Store (TCS) traded up $0.28 on Friday, hitting $5.51. 223,455 shares of the stock traded hands, compared to its average volume of 363,923. The firm has a market capitalization of $266.12, a PE ratio of 19.00, a PEG ratio of 2.32 and a beta of 1.57. Container Store has a 1-year low of $3.53 and a 1-year high of $8.34. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.26 and a quick ratio of 0.46.
Container Store (The) (NYSE:TCS) last issued its quarterly earnings results on Tuesday, November 7th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The business had revenue of $218.40 million for the quarter, compared to analysts’ expectations of $216.95 million. Container Store (The) had a net margin of 0.59% and a return on equity of 6.18%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts forecast that Container Store will post 0.34 EPS for the current year.
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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.
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