Zacks: Analysts Expect Container Store Group Inc (TCS) Will Post Quarterly Sales of $229.74 Million

Equities analysts expect that Container Store Group Inc (NYSE:TCS) will report $229.74 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Container Store Group’s earnings, with estimates ranging from $227.68 million to $231.80 million. Container Store Group reported sales of $216.38 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Container Store Group will report full-year sales of $229.74 million for the current fiscal year, with estimates ranging from $840.15 million to $865.00 million. For the next financial year, analysts anticipate that the firm will report sales of $876.35 million per share, with estimates ranging from $864.35 million to $898.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Container Store Group.

Container Store Group (NYSE:TCS) last posted its quarterly earnings results on Tuesday, November 7th. The specialty retailer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $218.40 million during the quarter, compared to analysts’ expectations of $216.95 million. Container Store Group had a return on equity of 6.18% and a net margin of 0.59%. Container Store Group’s quarterly revenue was up 6.5% compared to the same quarter last year.

Separately, Zacks Investment Research cut Container Store Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.13.

Shares of Container Store Group (NYSE TCS) opened at $5.01 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.26 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $241.97, a P/E ratio of 50.10, a PEG ratio of 2.11 and a beta of 1.90. Container Store Group has a 1-year low of $3.53 and a 1-year high of $6.37.

Several institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its holdings in shares of Container Store Group by 8.6% in the 3rd quarter. GSA Capital Partners LLP now owns 207,681 shares of the specialty retailer’s stock valued at $874,000 after buying an additional 16,500 shares during the period. California Public Employees Retirement System raised its holdings in Container Store Group by 6.8% during the third quarter. California Public Employees Retirement System now owns 879,225 shares of the specialty retailer’s stock worth $3,702,000 after purchasing an additional 56,057 shares during the last quarter. PEAK6 Investments L.P. raised its holdings in Container Store Group by 37.3% during the third quarter. PEAK6 Investments L.P. now owns 60,309 shares of the specialty retailer’s stock worth $254,000 after purchasing an additional 16,373 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Container Store Group by 106.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 85,579 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 44,114 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in Container Store Group by 22.2% during the third quarter. Citadel Advisors LLC now owns 150,964 shares of the specialty retailer’s stock worth $636,000 after purchasing an additional 27,458 shares during the last quarter. 77.45% of the stock is owned by institutional investors and hedge funds.

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About Container Store Group

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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