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. “
TCS has been the topic of a number of other reports. Morgan Stanley cut shares of Container Store Group from an equal weight rating to an underweight rating and set a $5.00 price target on the stock. in a research note on Tuesday, January 17th. Guggenheim reaffirmed a neutral rating on shares of Container Store Group in a research note 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 note on Wednesday, February 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Container Store Group currently has a consensus rating of Hold and an average price target of $5.63.
Shares of Container Store Group (NYSE:TCS) traded down 0.70% on Friday, reaching $4.24. 72,049 shares of the company’s stock were exchanged. The firm has a market capitalization of $206.05 million, a P/E ratio of 39.63 and a beta of 1.68. The firm has a 50 day moving average of $4.09 and a 200 day moving average of $5.09. Container Store Group has a one year low of $3.75 and a one year high of $8.34.
Container Store Group (NYSE:TCS) last posted its quarterly earnings results on Tuesday, February 7th. The specialty retailer reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. Container Store Group had a net margin of 1.92% and a return on equity of 6.60%. The business had revenue of $216.40 million for the quarter, compared to analysts’ expectations of $218.97 million. During the same period in the prior year, the company posted ($0.03) EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Container Store Group will post $0.22 EPS for the current year.
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In other news, Director Robert E. Jordan bought 10,000 shares of Container Store Group stock in a transaction on Thursday, February 9th. The shares were bought at an average cost of $3.95 per share, for a total transaction of $39,500.00. Following the acquisition, the director now owns 30,000 shares in the company, valued at $118,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 65.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new position in Container Store Group during the fourth quarter worth about $111,000. 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 worth $153,000 after buying an additional 9,331 shares during the period. 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 during the period. 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 during the period. Finally, Spark Investment Management LLC purchased a new position in Container Store Group during the third quarter worth about $183,000. Institutional investors own 79.54% of the company’s stock.
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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