Wall Street analysts expect Container Store (The) (NYSE:TCS) to announce sales of $218.46 million for the current quarter, according to Zacks. Two analysts have provided estimates for Container Store (The)’s earnings, with the highest sales estimate coming in at $222.10 million and the lowest estimate coming in at $214.81 million. Container Store (The) posted sales of $205.06 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Container Store (The) will report full-year sales of $218.46 million for the current financial year, with estimates ranging from $840.15 million to $866.60 million. For the next financial year, analysts forecast that the company will post sales of $876.72 million per share, with estimates ranging from $851.78 million to $912.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Container Store (The).

Container Store (The) (NYSE:TCS) last released 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 business had revenue of $183.10 million during the quarter, compared to analysts’ expectations of $183.27 million. During the same period in the previous year, the business posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year.

TCS has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Container Store (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub lowered shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 price target (down previously from $5.25) on shares of Container Store (The) in a research report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Container Store (The) presently has a consensus rating of “Hold” and a consensus target price of $5.50.

Container Store (NYSE TCS) traded down 2.01% on Monday, hitting $3.91. The company had a trading volume of 120,971 shares. The firm has a market capitalization of $188.80 million, a PE ratio of 20.58 and a beta of 1.62. Container Store has a 12-month low of $3.75 and a 12-month high of $8.34. The firm has a 50-day moving average price of $4.16 and a 200-day moving average price of $4.69.

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Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Container Store (The) in the second quarter worth $105,000. Tudor Investment Corp ET AL increased its position in shares of Container Store (The) by 8.7% in the first quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 2,104 shares in the last quarter. Blair William & Co. IL increased its position in shares of 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 worth $126,000 after acquiring an additional 825 shares in the last quarter. Bank of America Corp DE increased its position in shares of Container Store (The) by 10.6% in the first quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 3,446 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Container Store (The) in the second quarter worth $160,000. 79.11% of the stock is owned by institutional investors.

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

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