Container Store (The) (NYSE:TCS) – Equities research analysts at Jefferies Group lifted their FY2018 earnings estimates for shares of Container Store (The) in a research report issued to clients and investors on Wednesday. Jefferies Group analyst D. Binder now anticipates that the specialty retailer will post earnings per share of $0.38 for the year, up from their prior forecast of $0.31. Jefferies Group has a “Hold” rating and a $5.25 price objective on the stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Container Store (The) from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub downgraded shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Morgan Stanley increased their target price on shares of Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 21st. Finally, Barclays PLC increased their target price on shares of Container Store (The) from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Container Store (The) presently has an average rating of “Hold” and an average target price of $5.65.

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Shares of Container Store (TCS) opened at 4.70 on Monday. Container Store has a 12 month low of $3.75 and a 12 month high of $8.34. The stock has a market cap of $225.82 million, a P/E ratio of 24.74 and a beta of 1.57. The stock has a 50 day moving average price of $5.63 and a 200 day moving average price of $4.74.

Container Store (The) (NYSE:TCS) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.11). Container Store (The) had a return on equity of 5.34% and a net margin of 1.13%. The firm had revenue of $183.10 million during the quarter, compared to the consensus estimate of $183.27 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of TCS. Blair William & Co. IL increased its position in Container Store (The) by 4.0% in the second quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 825 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Container Store (The) during the second quarter valued at about $105,000. Algert Global LLC acquired a new stake in shares of Container Store (The) during the second quarter valued at about $347,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Container Store (The) by 31.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 104,670 shares of the specialty retailer’s stock valued at $620,000 after buying an additional 24,880 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Container Store (The) by 1,307.4% in the second quarter. Acadian Asset Management LLC now owns 86,880 shares of the specialty retailer’s stock valued at $515,000 after buying an additional 80,707 shares in the last quarter. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

Container Store (The) Company Profile

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.

Earnings History and Estimates for Container Store (The) (NYSE:TCS)

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