Container Store Group Inc (TCS) Given Average Rating of “Hold” by Analysts

Shares of Container Store Group Inc (NYSE:TCS) have earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.83.

Separately, Zacks Investment Research raised shares of Container Store Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st.

A number of hedge funds have recently modified their holdings of TCS. California Public Employees Retirement System grew its position in Container Store Group by 466.6% in the 2nd quarter. California Public Employees Retirement System now owns 823,168 shares of the specialty retailer’s stock worth $4,873,000 after purchasing an additional 677,882 shares in the last quarter. IndexIQ Advisors LLC grew its position in shares of Container Store Group by 83.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 204,899 shares of the specialty retailer’s stock valued at $863,000 after acquiring an additional 92,978 shares during the period. Macquarie Group Ltd. bought a new position in shares of Container Store Group during the 3rd quarter valued at approximately $232,000. JPMorgan Chase & Co. grew its position in shares of Container Store Group by 472.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,689 shares of the specialty retailer’s stock valued at $360,000 after acquiring an additional 50,083 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Container Store Group during the 2nd quarter valued at approximately $275,000. 77.45% of the stock is owned by institutional investors and hedge funds.

Shares of Container Store Group (NYSE TCS) traded down $0.11 during midday trading on Monday, hitting $4.85. 205,600 shares of the stock traded hands, compared to its average volume of 252,600. Container Store Group has a 52-week low of $3.53 and a 52-week high of $6.37. The firm has a market capitalization of $234.24, a price-to-earnings ratio of 48.50, a P/E/G ratio of 2.04 and a beta of 1.90. The company has a quick ratio of 0.46, a current ratio of 1.26 and a debt-to-equity ratio of 1.35.

Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, November 7th. The specialty retailer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Container Store Group had a net margin of 0.59% and a return on equity of 6.18%. The firm had revenue of $218.40 million for the quarter, compared to analyst estimates of $216.95 million. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. sell-side analysts forecast that Container Store Group will post 0.34 earnings per share for the current fiscal year.

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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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