Container Store Group (TCS) Rating Increased to B- at TheStreet

TheStreet upgraded shares of Container Store Group (NYSE:TCS) from a c- rating to a b- rating in a report published on Tuesday, TheStreetRatingsTable reports.

A number of other equities research analysts have also issued reports on TCS. Zacks Investment Research lowered shares of Container Store Group from a hold rating to a sell rating in a report on Wednesday, February 13th. ValuEngine upgraded shares of Container Store Group from a sell rating to a hold rating in a report on Thursday, January 24th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Container Store Group currently has an average rating of Hold and a consensus price target of $9.00.

TCS stock opened at $8.01 on Tuesday. Container Store Group has a 52-week low of $4.21 and a 52-week high of $12.42. The company has a current ratio of 1.16, a quick ratio of 0.52 and a debt-to-equity ratio of 0.96. The company has a market cap of $405.95 million, a PE ratio of 19.07 and a beta of 2.37.

Container Store Group (NYSE:TCS) last released its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. Container Store Group had a net margin of 2.42% and a return on equity of 8.23%. The business had revenue of $253.20 million for the quarter, compared to analyst estimates of $243.20 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Container Store Group will post 0.44 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in TCS. BlackRock Inc. increased its stake in Container Store Group by 3.4% in the 4th quarter. BlackRock Inc. now owns 1,081,615 shares of the specialty retailer’s stock valued at $5,159,000 after buying an additional 35,407 shares during the period. California Public Employees Retirement System increased its stake in Container Store Group by 21.5% in the 1st quarter. California Public Employees Retirement System now owns 860,010 shares of the specialty retailer’s stock valued at $7,568,000 after buying an additional 152,255 shares during the period. Rutabaga Capital Management LLC MA increased its stake in Container Store Group by 57.9% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 831,103 shares of the specialty retailer’s stock valued at $7,314,000 after buying an additional 304,905 shares during the period. Front Street Capital Management Inc. increased its stake in Container Store Group by 672.7% in the 1st quarter. Front Street Capital Management Inc. now owns 698,330 shares of the specialty retailer’s stock valued at $6,145,000 after buying an additional 607,950 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Container Store Group by 52.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 635,466 shares of the specialty retailer’s stock valued at $5,592,000 after buying an additional 218,525 shares during the period. Institutional investors and hedge funds own 78.74% of the company’s stock.

Container Store Group Company Profile

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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