Container Store Group (TCS) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Container Store Group (NYSE:TCS) from a hold rating to a buy rating in a report issued on Saturday morning, Zacks.com reports. They currently have $9.25 price target on the specialty retailer’s stock.

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. “

Other research analysts have also issued reports about the company. TheStreet upgraded Container Store Group from a c- rating to a b- rating in a research note on Tuesday, May 14th. Barclays restated a hold rating and issued a $10.00 target price on shares of Container Store Group in a research note on Thursday, May 16th. Finally, ValuEngine upgraded Container Store Group from a sell rating to a hold rating in a research note on Thursday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $8.42.



Shares of TCS stock opened at $7.92 on Friday. Container Store Group has a 12 month low of $4.21 and a 12 month high of $12.42. The company has a market cap of $391.77 million, a PE ratio of 18.86 and a beta of 2.37. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 0.52.

Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, May 14th. The specialty retailer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $253.20 million during the quarter, compared to analyst estimates of $243.20 million. Container Store Group had a return on equity of 8.23% and a net margin of 2.42%. Container Store Group’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Equities analysts anticipate that Container Store Group will post 0.49 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Container Store Group in the fourth quarter valued at $32,000. BNP Paribas Arbitrage SA raised its stake in shares of Container Store Group by 61.8% in the first quarter. BNP Paribas Arbitrage SA now owns 4,487 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 1,714 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Container Store Group by 324.0% in the fourth quarter. Macquarie Group Ltd. now owns 10,600 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 8,100 shares in the last quarter. HRT Financial LLC acquired a new position in shares of Container Store Group in the fourth quarter valued at $56,000. Finally, Rhumbline Advisers grew its position in Container Store Group by 44.6% in the fourth quarter. Rhumbline Advisers now owns 22,543 shares of the specialty retailer’s stock valued at $108,000 after acquiring an additional 6,953 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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