Container Store Group (NYSE:TCS) Now Covered by Goldman Sachs Group

Goldman Sachs Group began coverage on shares of Container Store Group (NYSE:TCS) in a report released on Thursday, BenzingaRatingsTable reports. The brokerage issued a sell rating and a $7.00 price target on the specialty retailer’s stock.

Several other analysts have also issued reports on the company. ValuEngine lowered Willdan Group from a buy rating to a hold rating in a report on Thursday, May 30th. TheStreet raised Third Point Reinsurance from a d+ rating to a c- rating in a report on Tuesday, May 14th. Zacks Investment Research raised Zurich Insurance Group from a sell rating to a hold rating in a report on Saturday, May 18th. Finally, Barclays reissued a buy rating on shares of Netflix in a report on Thursday, May 16th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $8.06.

Shares of TCS opened at $6.97 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.96. Container Store Group has a one year low of $4.21 and a one year high of $12.42. The company has a market capitalization of $343.15 million, a price-to-earnings ratio of 16.60 and a beta of 2.30. The business has a fifty day moving average price of $7.38.

Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Container Store Group had a return on equity of 8.23% and a net margin of 2.42%. The company had revenue of $253.20 million during the quarter, compared to analyst estimates of $243.20 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Container Store Group’s revenue was up 8.8% compared to the same quarter last year. On average, research analysts anticipate that Container Store Group will post 0.49 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in TCS. BNP Paribas Arbitrage SA lifted its position in shares of Container Store Group by 61.8% in the first quarter. BNP Paribas Arbitrage SA now owns 4,487 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 1,714 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Container Store Group by 7.4% in the fourth quarter. Bank of America Corp DE now owns 57,876 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 4,008 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Container Store Group by 18.8% in the fourth quarter. First Trust Advisors LP now owns 27,330 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 4,329 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Container Store Group by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 160,947 shares of the specialty retailer’s stock valued at $767,000 after acquiring an additional 6,761 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Container Store Group by 44.6% in the fourth quarter. Rhumbline Advisers now owns 22,543 shares of the specialty retailer’s stock valued at $108,000 after acquiring an additional 6,953 shares in the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

About Container Store Group

The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.

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