FY2018 Earnings Forecast for Container Store (The) Issued By Jefferies Group (TCS)

Container Store (The) (NYSE:TCS) – Jefferies Group upped their FY2018 EPS estimates for Container Store (The) in a research note issued on Wednesday. Jefferies Group analyst D. Binder now forecasts that the specialty retailer will post earnings per share of $0.38 for the year, up from their previous estimate of $0.31. Jefferies Group currently has a “Hold” rating and a $5.25 price target on the stock.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Container Store (The) from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub cut shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Morgan Stanley raised their price target on shares of Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 21st. Finally, Barclays PLC raised their price target on shares of Container Store (The) from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.65.

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Container Store (TCS) traded down 0.43% on Monday, hitting $4.58. The company had a trading volume of 158,722 shares. The firm’s 50 day moving average price is $5.63 and its 200 day moving average price is $4.74. The stock has a market cap of $220.06 million, a P/E ratio of 24.11 and a beta of 1.57. Container Store has a 12-month low of $3.75 and a 12-month high of $8.34.

Container Store (The) (NYSE:TCS) last issued its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported ($0.11) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The company had revenue of $183.10 million for the quarter, compared to analysts’ expectations of $183.27 million. Container Store (The) had a return on equity of 5.34% and a net margin of 1.13%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share.

A number of large investors have recently modified their holdings of TCS. SG Americas Securities LLC acquired a new stake in shares of Container Store (The) during the second quarter valued at approximately $105,000. Tudor Investment Corp ET AL raised 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 in the last quarter. Blair William & Co. IL raised its position in 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 in the last quarter. Bank of America Corp DE raised 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 in the last quarter. Finally, Teachers Advisors LLC raised 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 in the last quarter. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

About Container Store (The)

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.

Earnings History and Estimates for Container Store (The) (NYSE:TCS)

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