Container Store Group PT Lowered to $24.00 (TCS)
Analysts at Jefferies Group dropped their target price on shares of Container Store Group (NYSE:TCS) from $29.00 to $24.00 in a research report issued to clients and investors on Thursday. Jefferies Group’s price objective would indicate a potential downside of 2.36% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. set a $28.00 price target on shares of Container Store Group in a research note on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Container Store Group in a research note on Wednesday. They now have a $32.00 price target on the stock, down previously from $45.00. Finally, analysts at Barclays cut their price target on shares of Container Store Group from $32.00 to $26.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.63.
Container Store Group (NYSE:TCS) traded down 0.89% on Thursday, hitting $24.58. 724,967 shares of the company’s stock traded hands. Container Store Group has a 52-week low of $22.88 and a 52-week high of $47.07. The stock has a 50-day moving average of $27.82 and a 200-day moving average of $33.00. The company’s market cap is $1.179 billion. Container Store Group also was the recipient of unusually large options trading activity on Wednesday. Traders acquired 3,734 put options on the stock. This is an increase of 492% compared to the average volume of 631 put options.
Container Store Group (NYSE:TCS) last released its earnings data on Tuesday, July 8th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.01. The company had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.20 million. During the same quarter last year, the company posted ($0.07) earnings per share. Container Store Group’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Container Store Group will post $0.50 EPS for the current fiscal year.
The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States.