Goldman Sachs Group initiated coverage on shares of Container Store Group (NYSE:TCS) in a report published on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a sell rating and a $7.00 target price on the specialty retailer’s stock.
A number of other analysts also recently issued reports on the stock. Barclays reaffirmed a buy rating on shares of Netflix in a report on Thursday, May 16th. Zacks Investment Research raised shares of Zurich Insurance Group from a sell rating to a hold rating in a report on Saturday, May 18th. ValuEngine downgraded shares of Willdan Group from a buy rating to a hold rating in a report on Thursday, May 30th. Finally, TheStreet raised shares of Third Point Reinsurance from a d+ rating to a c- rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $8.06.
Shares of NYSE:TCS opened at $6.97 on Thursday. The firm has a fifty day moving average price of $7.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.39 and a current ratio of 1.16. Container Store Group has a one year low of $4.21 and a one year high of $12.42. The company has a market cap of $345.13 million, a P/E ratio of 16.60 and a beta of 2.30.
Container Store Group (NYSE:TCS) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $253.20 million during the quarter, compared to the consensus estimate of $243.20 million. During the same period in the previous year, the firm posted $0.18 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Container Store Group will post 0.49 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Container Store Group by 44.6% during the 4th quarter. Rhumbline Advisers now owns 22,543 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 6,953 shares in the last quarter. Prudential Financial Inc. increased its holdings in Container Store Group by 48.4% during the 4th quarter. Prudential Financial Inc. now owns 77,764 shares of the specialty retailer’s stock valued at $370,000 after purchasing an additional 25,354 shares in the last quarter. First Trust Advisors LP increased its holdings in Container Store Group by 18.8% during the 4th quarter. First Trust Advisors LP now owns 27,330 shares of the specialty retailer’s stock valued at $130,000 after purchasing an additional 4,329 shares in the last quarter. California Public Employees Retirement System increased its holdings in Container Store Group by 1.2% during the 4th quarter. California Public Employees Retirement System now owns 707,755 shares of the specialty retailer’s stock valued at $3,376,000 after purchasing an additional 8,161 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Container Store Group by 3.4% during the 4th quarter. BlackRock Inc. now owns 1,081,615 shares of the specialty retailer’s stock valued at $5,159,000 after purchasing an additional 35,407 shares in the last quarter. 78.12% of the stock is owned by institutional investors.
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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