Container Store Group (NYSE:TCS) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.41-0.51 for the period, compared to the Thomson Reuters consensus estimate of $0.45. The company issued revenue guidance of $915-925 million, compared to the consensus revenue estimate of $910.42 million.Container Store Group also updated its FY 2019 guidance to $0.41-0.51 EPS.
A number of brokerages have recently commented on TCS. Zacks Investment Research raised shares of Container Store Group from a sell rating to a hold rating in a report on Tuesday, April 16th. ValuEngine raised shares of Container Store Group from a sell rating to a hold rating in a report on Thursday, January 24th.
Shares of TCS stock remained flat at $$8.52 on Tuesday. 802,749 shares of the company traded hands, compared to its average volume of 305,193. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.52 and a current ratio of 1.37. Container Store Group has a 52 week low of $4.21 and a 52 week high of $12.42. The company has a market cap of $433.36 million, a price-to-earnings ratio of 30.43 and a beta of 2.37.
An institutional investor recently raised its position in Container Store Group stock. Geode Capital Management LLC raised its position in shares of Container Store Group Inc (NYSE:TCS) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,947 shares of the specialty retailer’s stock after buying an additional 6,761 shares during the period. Geode Capital Management LLC owned about 0.33% of Container Store Group worth $767,000 at the end of the most recent reporting period. Institutional investors own 78.29% of the company’s stock.
Container Store Group Company Profile
The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.
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