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. “
A number of other brokerages also recently issued reports on TCS. Morgan Stanley cut their price target on Container Store Group from $5.00 to $3.50 and set an underweight rating on the stock in a report on Wednesday, February 8th. Guggenheim reiterated a neutral rating on shares of Container Store Group in a report on Wednesday, February 8th. Finally, Jefferies Group LLC set a $5.00 price target on Container Store Group and gave the company a hold rating in a report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Container Store Group currently has an average rating of Hold and a consensus target price of $5.63.
Shares of Container Store Group (NYSE:TCS) traded down 0.70% during trading on Friday, reaching $4.24. The company’s stock had a trading volume of 83,889 shares. The company has a 50 day moving average of $4.09 and a 200-day moving average of $5.09. The stock has a market cap of $206.05 million, a price-to-earnings ratio of 39.63 and a beta of 1.68. Container Store Group has a 12-month low of $3.75 and a 12-month high of $8.34.
Container Store Group (NYSE:TCS) last released its quarterly earnings data on Tuesday, February 7th. The specialty retailer reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Container Store Group had a return on equity of 6.60% and a net margin of 1.92%. The company had revenue of $216.40 million for the quarter, compared to the consensus estimate of $218.97 million. During the same period last year, the business posted ($0.03) EPS. Container Store Group’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts forecast that Container Store Group will post $0.22 EPS for the current year.
In other Container Store Group news, Director Robert E. Jordan acquired 10,000 shares of the stock in a transaction dated Thursday, February 9th. The stock was purchased at an average price of $3.95 per share, with a total value of $39,500.00. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $118,500. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 65.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of TCS. Rutabaga Capital Management LLC MA increased its stake in Container Store Group by 218.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,676,881 shares of the specialty retailer’s stock worth $8,183,000 after buying an additional 1,149,842 shares in the last quarter. Oxford Asset Management increased its stake in Container Store Group by 80.7% in the fourth quarter. Oxford Asset Management now owns 416,352 shares of the specialty retailer’s stock worth $2,644,000 after buying an additional 185,964 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 worth $2,529,000 after buying an additional 7,655 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Container Store Group during the fourth quarter worth $2,374,000. Finally, Dimensional Fund Advisors LP increased its stake in Container Store Group by 21.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 279,548 shares of the specialty retailer’s stock worth $1,775,000 after buying an additional 48,597 shares in the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.
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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