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The Container Store Group (NYSE:TCS - Get Rating) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.
Other research analysts have also issued research reports about the company. The Goldman Sachs Group decreased their target price on The Container Store Group from $11.50 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, May 19th. Lake Street Capital initiated coverage on The Container Store Group in a report on Wednesday, April 13th. They issued a "buy" rating and a $10.00 price objective on the stock.The Container Store Group Stock Performance
The Container Store Group stock traded up $0.01 during mid-day trading on Friday, hitting $7.32. The company had a trading volume of 341,687 shares, compared to its average volume of 600,203. The Container Store Group has a 12-month low of $6.19 and a 12-month high of $14.25. The company has a market capitalization of $377.22 million, a price-to-earnings ratio of 4.52 and a beta of 1.31. The company has a current ratio of 1.11, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. The company's fifty day moving average is $7.15 and its 200-day moving average is $8.19.
The Container Store Group (NYSE:TCS - Get Rating) last announced its earnings results on Tuesday, May 17th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.14. The Container Store Group had a return on equity of 20.73% and a net margin of 7.47%. The firm had revenue of $305.55 million for the quarter, compared to analyst estimates of $281.32 million. During the same quarter last year, the firm posted $0.71 EPS. Equities research analysts predict that The Container Store Group will post 1.25 EPS for the current year. Insiders Place Their Bets
In related news, CEO Satish Malhotra bought 14,600 shares of the business's stock in a transaction on Thursday, June 16th. The stock was acquired at an average cost of $6.83 per share, with a total value of $99,718.00. Following the purchase, the chief executive officer now directly owns 466,801 shares of the company's stock, valued at $3,188,250.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 33.40% of the company's stock. Institutional Trading of The Container Store Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of The Container Store Group by 0.4% during the 4th quarter. Northern Trust Corp now owns 304,242 shares of the specialty retailer's stock worth $3,036,000 after purchasing an additional 1,144 shares during the last quarter. Denali Advisors LLC increased its position in shares of The Container Store Group by 33.9% during the 1st quarter. Denali Advisors LLC now owns 7,500 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 1,900 shares during the last quarter. Swiss National Bank increased its position in shares of The Container Store Group by 3.0% during the 4th quarter. Swiss National Bank now owns 72,300 shares of the specialty retailer's stock worth $722,000 after purchasing an additional 2,100 shares during the last quarter. JBF Capital Inc. increased its position in shares of The Container Store Group by 6.7% during the 4th quarter. JBF Capital Inc. now owns 51,750 shares of the specialty retailer's stock worth $1,984,000 after purchasing an additional 3,250 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of The Container Store Group by 36.3% during the 4th quarter. IHT Wealth Management LLC now owns 14,200 shares of the specialty retailer's stock worth $142,000 after purchasing an additional 3,781 shares during the last quarter. 84.83% of the stock is owned by institutional investors and hedge funds. The Container Store Group Company Profile (Get Rating)
The Container Store Group, Inc operates as a retailer of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. It provides approximately 11,000 products designed to help customers. Its merchandise category includes custom closets, such as elfa Classic, elfa Decor, Laren, and Avera branded products, as well as closet lifestyle department and wood-based products; wood-based custom home storage and organization solutions; and customized solutions for closets, garages, home offices, pantries, laundry rooms, murphy beds, and built-in wall units.Read MoreGet a free copy of the StockNews.com research report on The Container Store Group (TCS)MarketBeat: Week in Review 7/18 – 7/22Falling Copper Prices Weigh On Freeport McMoran's Earnings, But Long Term Fundamentals IntactLackluster Results Provide An Opportunity In Tractor Supply CompanyVerizon Shares Drop On Earnings Miss, Lower GuidanceSnap Stock Falters As Growth Slows To Record Low
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