Container Store Group (NYSE:TCS)‘s stock had its “hold” rating reissued by equities researchers at Barclays in a research note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $10.00 target price on the specialty retailer’s stock. Barclays‘s price objective would suggest a potential upside of 22.40% from the company’s previous close.
Several other research analysts have also recently commented on the company. Zacks Investment Research raised Container Store Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. ValuEngine upgraded Container Store Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, TheStreet upgraded Container Store Group from a “c-” rating to a “b-” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.00.
TCS traded down $0.35 on Thursday, reaching $8.17. 662,687 shares of the company’s stock were exchanged, compared to its average volume of 337,232. The company has a market cap of $416.73 million, a PE ratio of 29.18 and a beta of 2.37. Container Store Group has a twelve month low of $4.21 and a twelve month high of $12.42. 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 (NYSE:TCS) last posted its earnings results on Tuesday, May 14th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Container Store Group had a net margin of 0.62% and a return on equity of 5.21%. The firm had revenue of $253.20 million during the quarter, compared to the consensus estimate of $243.20 million. During the same quarter in the prior year, the company earned $0.18 EPS. The company’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts predict that Container Store Group will post 0.4 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its position in shares of Container Store Group by 61.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,487 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 1,714 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Container Store Group in the fourth quarter worth $32,000. Macquarie Group Ltd. increased its stake in shares of Container Store Group by 324.0% in the fourth quarter. Macquarie Group Ltd. now owns 10,600 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 8,100 shares during the period. HRT Financial LLC acquired a new stake in shares of Container Store Group in the fourth quarter worth $56,000. Finally, Marshall Wace LLP acquired a new stake in shares of Container Store Group in the first quarter worth $186,000. 78.74% of the stock is owned by hedge funds and other institutional investors.
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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