The Container Store Group Inc. (NYSE:TCS) Receives Average Rating of “Hold” from Analysts
The Container Store Group Inc. (NYSE:TCS) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the firm. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.08.
Several research analysts recently commented on the company. Zacks Investment Research lowered The Container Store Group from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of The Container Store Group in a research report on Tuesday, August 16th.
The Container Store Group (NYSE:TCS) traded down 0.81% on Wednesday, reaching $4.92. The company had a trading volume of 38,716 shares. The company has a market capitalization of $237.93 million, a P/E ratio of 45.98 and a beta of 1.60. The stock’s 50-day moving average is $5.26 and its 200-day moving average is $5.61. The Container Store Group has a 52 week low of $3.77 and a 52 week high of $16.10.
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The Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The company earned $177.40 million during the quarter, compared to analyst estimates of $848.70 million. The Container Store Group had a return on equity of 3.00% and a net margin of 1.03%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) earnings per share. Equities research analysts forecast that The Container Store Group will post $0.22 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Container Store Group during the second quarter worth about $124,000. Teachers Advisors Inc. raised its stake in shares of The Container Store Group by 8.0% in the second quarter. Teachers Advisors Inc. now owns 26,611 shares of the company’s stock worth $142,000 after buying an additional 1,966 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of The Container Store Group by 236.4% in the second quarter. Nationwide Fund Advisors now owns 34,741 shares of the company’s stock worth $186,000 after buying an additional 24,415 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of The Container Store Group by 234.7% in the second quarter. HighTower Advisors LLC now owns 36,079 shares of the company’s stock worth $194,000 after buying an additional 25,299 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of The Container Store Group during the second quarter worth about $222,000. Hedge funds and other institutional investors own 79.79% of the company’s stock.
About The Container Store Group
The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center.
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