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. “
TCS has been the subject of a number of other research reports. Morgan Stanley cut Container Store Group from an equal weight rating to an underweight rating and set a $5.00 price target for the company. in a research report on Tuesday, January 17th. Jefferies Group LLC set a $5.00 price objective on Container Store Group and gave the stock a hold rating in a research report on Wednesday, February 8th. Finally, Guggenheim reissued a neutral rating on shares of Container Store Group in a research 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 stock. The stock presently has a consensus rating of Hold and a consensus target price of $5.63.
Shares of Container Store Group (NYSE:TCS) traded down 0.70% during midday trading on Friday, reaching $4.24. 57,701 shares of the company’s stock traded hands. The stock’s 50 day moving average is $4.09 and its 200-day moving average is $5.09. Container Store Group has a 52 week low of $3.75 and a 52 week high of $8.34. The company has a market capitalization of $206.05 million, a PE ratio of 39.63 and a beta of 1.68.
Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, February 7th. The specialty retailer reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Container Store Group had a return on equity of 6.60% and a net margin of 1.92%. The firm had revenue of $216.40 million for the quarter, compared to the consensus estimate of $218.97 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that Container Store Group will post $0.22 earnings per share for the current fiscal year.
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In other news, Director Robert E. Jordan bought 10,000 shares of the stock in a transaction on Thursday, February 9th. The stock was purchased at an average price of $3.95 per share, for a total transaction of $39,500.00. Following the acquisition, the director now owns 30,000 shares in the company, valued at $118,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 65.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its stake in shares of Container Store Group 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 during the period. Tudor Investment Corp Et Al increased its stake in Container Store Group by 63.2% in the fourth quarter. Tudor Investment Corp Et Al now owns 24,091 shares of the specialty retailer’s stock worth $153,000 after buying an additional 9,331 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Container Store Group during the fourth quarter valued at approximately $2,374,000. GSA Capital Partners LLP increased its position in shares of Container Store Group by 206.1% in the fourth quarter. GSA Capital Partners LLP now owns 92,674 shares of the specialty retailer’s stock valued at $588,000 after buying an additional 62,400 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Container Store Group by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 398,300 shares of the specialty retailer’s stock valued at $2,529,000 after buying an additional 7,655 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.
About Container Store Group
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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