According to Zacks, “The Container Store Group, Inc. operates as a specialty retailer of storage and organization products in the United States. The company operates in two segments, TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center. Elfa segment designs and manufactures component-based shelving and drawer systems that are customizable for any area of the home, including closets, kitchens, offices and garages. The Container Store Group, Inc. is headquartered in Coppell, Texas. “
Several other brokerages have also weighed in on TCS. Morgan Stanley dropped their price objective on shares of Container Store Group from $5.00 to $3.50 and set an underweight rating on the stock in a research report on Wednesday, February 8th. Guggenheim reissued a neutral rating on shares of Container Store Group in a research report on Wednesday, February 8th. Finally, Jefferies Group LLC set a $5.00 price target on shares of Container Store Group and gave the stock a hold rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $5.63.
Shares of Container Store Group (NYSE:TCS) traded down 0.70% during midday trading on Friday, hitting $4.24. 80,798 shares of the company’s stock traded hands. The company has a 50 day moving average price of $4.09 and a 200 day moving average price of $5.09. Container Store Group has a 1-year low of $3.75 and a 1-year high of $8.34. The firm has a market capitalization of $206.05 million, a price-to-earnings ratio of 39.63 and a beta of 1.68.
Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, February 7th. The specialty retailer reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The company had revenue of $216.40 million for the quarter, compared to analyst estimates of $218.97 million. Container Store Group had a net margin of 1.92% and a return on equity of 6.60%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) earnings per share. Equities analysts anticipate that Container Store Group will post $0.22 earnings per share for the current year.
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In other Container Store Group news, Director Robert E. Jordan purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were acquired at an average cost of $3.95 per share, with a total value of $39,500.00. Following the completion of the transaction, the director now owns 30,000 shares in the company, valued at $118,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 65.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in TCS. Teachers Advisors LLC raised its position in Container Store Group by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock worth $173,000 after buying an additional 629 shares in the last quarter. Bank of Montreal Can raised its position in Container Store Group by 15.2% in the third quarter. Bank of Montreal Can now owns 24,510 shares of the specialty retailer’s stock worth $123,000 after buying an additional 3,233 shares in the last quarter. State Street Corp raised its position in Container Store Group 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 in the last quarter. Renaissance Technologies LLC raised its position in Container Store Group by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 398,300 shares of the specialty retailer’s stock valued at $2,529,000 after buying an additional 7,655 shares in the last quarter. Finally, Tudor Investment Corp Et Al raised its position in Container Store Group by 63.2% in the fourth quarter. Tudor Investment Corp Et Al now owns 24,091 shares of the specialty retailer’s stock valued at $153,000 after buying an additional 9,331 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.
Container Store Group 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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