Container Store (The) (TCS) Rating Reiterated by Guggenheim, Report finds

Container Store (The) (TCS) Rating Reiterated by Guggenheim, Report finds

Container Store (The) (NYSE:TCS)‘s stock had its “neutral” rating reaffirmed by Guggenheim in a report released on Wednesday.

Several other equities analysts have also weighed in on TCS. Morgan Stanley lowered Container Store (The) from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Tuesday, January 17th. Zacks Investment Research lowered Container Store (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Credit Suisse Group reissued a “buy” rating and issued a $7.00 target price on shares of Container Store (The) in a research note on Thursday, November 10th. Finally, Barclays PLC reissued a “hold” rating and issued a $5.00 target price on shares of Container Store (The) in a research note on Thursday, November 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Container Store (The) presently has a consensus rating of “Hold” and an average price target of $5.75.

Shares of Container Store (NYSE:TCS) traded down 12.04% during midday trading on Wednesday, hitting $3.80. The company had a trading volume of 1,645,798 shares. The firm’s 50-day moving average is $5.53 and its 200-day moving average is $5.49. The firm has a market capitalization of $184.63 million, a P/E ratio of 35.51 and a beta of 1.68. Container Store has a 12-month low of $3.75 and a 12-month high of $8.34.

Container Store (The) (NYSE:TCS) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $216.40 million for the quarter, compared to analysts’ expectations of $218.97 million. Container Store (The) had a return on equity of 3.39% and a net margin of 1.13%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.03) earnings per share. On average, analysts predict that Container Store will post $0.26 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Rutabaga Capital Management LLC MA raised its stake in Container Store (The) by 218.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,676,881 shares of the company’s stock worth $8,183,000 after buying an additional 1,149,842 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Container Store (The) during the fourth quarter worth approximately $675,000. Emerald Acquisition Ltd. acquired a new stake in Container Store (The) during the second quarter worth approximately $222,000. Spark Investment Management LLC acquired a new stake in Container Store (The) during the third quarter worth approximately $183,000. Finally, California Public Employees Retirement System raised its stake in Container Store (The) by 41.8% in the third quarter. California Public Employees Retirement System now owns 88,486 shares of the company’s stock worth $444,000 after buying an additional 26,100 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors.

About Container Store (The)

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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Container Store (The) (TCS) Rating Reiterated by Guggenheim

Container Store (The) (TCS) Rating Reiterated by Guggenheim

Container Store (The) (NYSE:TCS)‘s stock had its “neutral” rating reaffirmed by Guggenheim in a report released on Wednesday.

Several other equities analysts have also weighed in on TCS. Morgan Stanley lowered Container Store (The) from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Tuesday, January 17th. Zacks Investment Research lowered Container Store (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Credit Suisse Group reissued a “buy” rating and issued a $7.00 target price on shares of Container Store (The) in a research note on Thursday, November 10th. Finally, Barclays PLC reissued a “hold” rating and issued a $5.00 target price on shares of Container Store (The) in a research note on Thursday, November 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Container Store (The) presently has a consensus rating of “Hold” and an average price target of $5.75.

Shares of Container Store (NYSE:TCS) traded down 12.04% during midday trading on Wednesday, hitting $3.80. The company had a trading volume of 1,645,798 shares. The firm’s 50-day moving average is $5.53 and its 200-day moving average is $5.49. The firm has a market capitalization of $184.63 million, a P/E ratio of 35.51 and a beta of 1.68. Container Store has a 12-month low of $3.75 and a 12-month high of $8.34.

Container Store (The) (NYSE:TCS) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $216.40 million for the quarter, compared to analysts’ expectations of $218.97 million. Container Store (The) had a return on equity of 3.39% and a net margin of 1.13%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.03) earnings per share. On average, analysts predict that Container Store will post $0.26 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Rutabaga Capital Management LLC MA raised its stake in Container Store (The) by 218.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,676,881 shares of the company’s stock worth $8,183,000 after buying an additional 1,149,842 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Container Store (The) during the fourth quarter worth approximately $675,000. Emerald Acquisition Ltd. acquired a new stake in Container Store (The) during the second quarter worth approximately $222,000. Spark Investment Management LLC acquired a new stake in Container Store (The) during the third quarter worth approximately $183,000. Finally, California Public Employees Retirement System raised its stake in Container Store (The) by 41.8% in the third quarter. California Public Employees Retirement System now owns 88,486 shares of the company’s stock worth $444,000 after buying an additional 26,100 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors.

About Container Store (The)

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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