Posted by AM Reporter Staff on Jul 25th, 2022

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

Several other analysts also recently commented on TCS. The Goldman Sachs Group lowered their price objective on The Container Store Group from $11.50 to $9.00 and set a neutral rating for the company in a research note on Thursday, May 19th. Lake Street Capital assumed coverage on The Container Store Group in a research note on Wednesday, April 13th. They set a buy rating and a $10.00 price objective on the stock.

Shares of NYSE:TCS opened at $7.32 on Friday. The Container Store Group has a twelve month low of $6.19 and a twelve month high of $14.25. The stock’s 50 day moving average is $7.15 and its 200-day moving average is $8.15. The company has a quick ratio of 0.29, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $377.22 million, a price-to-earnings ratio of 4.52 and a beta of 1.31.

The Container Store Group (NYSE:TCS – Get Rating) last released 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 the consensus estimate of $281.32 million. The Container Store Group had a net margin of 7.47% and a return on equity of 20.73%. During the same quarter in the prior year, the company posted $0.71 earnings per share. Sell-side analysts forecast that The Container Store Group will post 1.25 EPS for the current fiscal year.

In other The Container Store Group news, CEO Satish Malhotra acquired 14,600 shares of The Container Store Group stock in a transaction on Thursday, June 16th. The stock was purchased at an average price of $6.83 per share, for a total transaction 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 the SEC website. 33.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of TCS. Amalgamated Bank purchased a new stake in The Container Store Group in the first quarter worth $31,000. GHP Investment Advisors Inc. bought a new position in The Container Store Group during the first quarter worth about $41,000. Patriot Financial Group Insurance Agency LLC boosted its position in The Container Store Group by 1,090.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,950 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 5,450 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of The Container Store Group in the fourth quarter valued at approximately $52,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in shares of The Container Store Group during the 4th quarter valued at approximately $52,000. Institutional investors own 84.83% of the company’s stock.

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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