Posted by admin on Aug 2nd, 2022

StockNews.com cut shares of The Container Store Group (NYSE:TCS – Get Rating) from a buy rating to a hold rating in a report published on Monday morning.

A number of other research analysts have also recently commented on TCS. The Goldman Sachs Group decreased their price target 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 started coverage on The Container Store Group in a research report on Wednesday, April 13th. They issued a buy rating and a $10.00 price target on the stock.

TCS stock opened at $7.75 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.29. The stock has a market capitalization of $399.38 million, a price-to-earnings ratio of 4.78 and a beta of 1.35. The business’s fifty day moving average price is $7.13 and its two-hundred day moving average price is $8.00. The Container Store Group has a fifty-two week low of $6.19 and a fifty-two week high of $14.25.

The Container Store Group (NYSE:TCS – Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The specialty retailer reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The firm had revenue of $305.55 million for the quarter, compared to analysts’ expectations of $281.32 million. The Container Store Group had a return on equity of 20.73% and a net margin of 7.47%. During the same quarter last year, the business earned $0.71 EPS. On average, equities analysts anticipate that The Container Store Group will post 1.25 earnings per share for the current year.

In other The Container Store Group news, CEO Satish Malhotra bought 14,600 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were purchased at an average price of $6.83 per share, for a total transaction of $99,718.00. Following the completion of the transaction, the chief executive officer now directly owns 466,801 shares in the company, valued at approximately $3,188,250.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 33.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. Front Street Capital Management Inc. boosted its stake in shares of The Container Store Group by 2.3% during the second quarter. Front Street Capital Management Inc. now owns 2,649,405 shares of the specialty retailer’s stock valued at $16,506,000 after purchasing an additional 58,914 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of The Container Store Group by 25.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,043,053 shares of the specialty retailer’s stock valued at $16,692,000 after purchasing an additional 410,814 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of The Container Store Group by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,677,861 shares of the specialty retailer’s stock valued at $13,707,000 after purchasing an additional 95,335 shares in the last quarter. DG Capital Management LLC boosted its stake in shares of The Container Store Group by 33.5% during the first quarter. DG Capital Management LLC now owns 1,490,808 shares of the specialty retailer’s stock valued at $12,180,000 after purchasing an additional 374,442 shares in the last quarter. Finally, SCP Investment LP boosted its stake in shares of The Container Store Group by 20.0% during the first quarter. SCP Investment LP now owns 1,200,000 shares of the specialty retailer’s stock valued at $9,804,000 after purchasing an additional 200,000 shares in the last quarter. 84.83% of the stock is owned by institutional investors and hedge funds.

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.

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