Analysts predict that Container Store (The) (NYSE:TCS) will announce $216.08 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Container Store (The)’s earnings. The highest sales estimate is $216.60 million and the lowest is $215.55 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 5.4%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Container Store (The) will report full year sales of $216.08 million for the current financial year, with estimates ranging from $840.15 million to $855.60 million. For the next fiscal year, analysts anticipate that the company will report sales of $881.28 million per share, with estimates ranging from $866.29 million to $894.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Container Store (The).
Container Store (The) (NYSE:TCS) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The company had revenue of $183.10 million during the quarter, compared to the consensus estimate of $183.27 million. Container Store (The) had a return on equity of 5.34% and a net margin of 1.13%. Container Store (The)’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS.
Several brokerages have recently weighed in on TCS. Zacks Investment Research downgraded Container Store (The) from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub downgraded Container Store (The) from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Morgan Stanley raised their target price on Container Store (The) from $3.50 to $4.00 and gave the company an “underweight” rating in a research note on Wednesday, June 21st. Barclays PLC raised their target price on Container Store (The) from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 24th. Finally, Jefferies Group LLC raised their target price on Container Store (The) from $4.50 to $5.25 and gave the company a “hold” rating in a research note on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Container Store (The) has a consensus rating of “Hold” and a consensus target price of $5.65.
Several institutional investors have recently modified their holdings of the company. IndexIQ Advisors LLC bought a new position in shares of Container Store (The) during the second quarter valued at approximately $663,000. Blair William & Co. IL boosted 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 valued at $126,000 after buying an additional 825 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Container Store (The) during the second quarter valued at approximately $105,000. Algert Global LLC bought a new position in shares of Container Store (The) during the second quarter valued at approximately $347,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Container Store (The) by 31.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 104,670 shares of the specialty retailer’s stock valued at $620,000 after buying an additional 24,880 shares during the last quarter. 78.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Container Store (NYSE:TCS) opened at 4.54 on Wednesday. The stock has a market capitalization of $218.13 million, a P/E ratio of 23.89 and a beta of 1.57. The firm’s 50-day moving average price is $5.63 and its 200-day moving average price is $4.74. Container Store has a one year low of $3.75 and a one year high of $8.34.
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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