Brokerages expect Container Store Group Inc (NYSE:TCS) to report $231.21 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Container Store Group’s earnings, with the lowest sales estimate coming in at $230.11 million and the highest estimate coming in at $232.30 million. Container Store Group reported sales of $221.04 million in the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The business is expected to report its next earnings report on Tuesday, May 22nd.
On average, analysts expect that Container Store Group will report full-year sales of $855.70 million for the current year, with estimates ranging from $854.60 million to $856.80 million. For the next fiscal year, analysts forecast that the firm will report sales of $879.59 million per share, with estimates ranging from $866.29 million to $899.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Container Store Group.
Container Store Group (NYSE:TCS) last posted its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $223.00 million during the quarter, compared to the consensus estimate of $227.58 million. Container Store Group had a net margin of 3.34% and a return on equity of 5.91%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis.
Separately, Zacks Investment Research raised shares of Container Store Group from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Container Store Group presently has an average rating of “Sell” and an average target price of $5.13.
A number of large investors have recently modified their holdings of the business. California Public Employees Retirement System lifted its position in Container Store Group by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 879,225 shares of the specialty retailer’s stock worth $3,702,000 after buying an additional 56,057 shares in the last quarter. Millennium Management LLC lifted its position in Container Store Group by 207.2% during the 4th quarter. Millennium Management LLC now owns 329,861 shares of the specialty retailer’s stock worth $1,564,000 after buying an additional 222,469 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Container Store Group by 18.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 258,615 shares of the specialty retailer’s stock worth $1,226,000 after buying an additional 40,434 shares in the last quarter. State Street Corp lifted its position in Container Store Group by 1.4% during the 2nd quarter. State Street Corp now owns 255,896 shares of the specialty retailer’s stock worth $1,516,000 after buying an additional 3,617 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in Container Store Group by 8.6% during the 3rd quarter. GSA Capital Partners LLP now owns 207,681 shares of the specialty retailer’s stock worth $874,000 after buying an additional 16,500 shares in the last quarter. 79.00% of the stock is currently owned by hedge funds and other institutional investors.
TCS traded up $0.11 during trading on Monday, hitting $5.83. The company had a trading volume of 131,388 shares, compared to its average volume of 202,140. The stock has a market capitalization of $276.44, a P/E ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 1.48. Container Store Group has a one year low of $3.53 and a one year high of $6.37. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 1.21.
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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 through two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including bath, box, closets, collections, containers, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products.
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