Shares of Container Store (The) (NYSE:TCS) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.65.
A number of research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Container Store (The) from $3.50 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Container Store (The) from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC increased their target price on shares of Container Store (The) from $4.50 to $5.25 and gave the company a “hold” rating in a research report on Wednesday, May 24th. Finally, Barclays PLC increased their target price on shares of Container Store (The) from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 24th.
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Shares of Container Store (TCS) traded down 5.77% during midday trading on Monday, reaching $5.23. 313,579 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $5.69 and a 200 day moving average price of $4.79. The firm has a market cap of $252.56 million, a PE ratio of 16.87 and a beta of 1.59. Container Store has a 12 month low of $3.75 and a 12 month high of $8.34.
Container Store (The) (NYSE:TCS) last released its earnings results on Tuesday, May 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.08. Container Store (The) had a net margin of 1.82% and a return on equity of 6.00%. The firm had revenue of $221 million during the quarter, compared to the consensus estimate of $212.98 million. During the same period in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts predict that Container Store will post $0.31 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCS. Teachers Advisors LLC increased its position in Container Store (The) by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock valued at $173,000 after buying an additional 629 shares during the period. Tudor Investment Corp ET AL increased its position in 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 valued at $111,000 after buying an additional 2,104 shares during the period. Bank of America Corp DE increased its position in 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 valued at $152,000 after buying an additional 3,446 shares during the period. State Street Corp increased its position in Container Store (The) by 1.6% in the fourth quarter. State Street Corp now owns 253,579 shares of the specialty retailer’s stock valued at $1,613,000 after buying an additional 3,997 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Container Store (The) by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 106,619 shares of the specialty retailer’s stock valued at $451,000 after buying an additional 4,632 shares during the period. 78.16% of the stock is owned by 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.
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