The Container Store Group Inc. (NYSE:TCS) shot up 5.4% during mid-day trading on Tuesday . The company traded as high as $5.95 and last traded at $5.90, with a volume of 254,224 shares trading hands. The stock had previously closed at $5.60.

A number of research firms recently issued reports on TCS. Zacks Investment Research downgraded shares of The Container Store Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 28th. Goldman Sachs Group Inc. upped their price target on shares of The Container Store Group from $5.75 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, April 26th. Jefferies Group reaffirmed a “hold” rating on shares of The Container Store Group in a research note on Tuesday, April 26th. Finally, Barclays PLC began coverage on shares of The Container Store Group in a research note on Wednesday, March 30th. They set an “equal weight” rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.39.

The firm’s 50-day moving average price is $5.20 and its 200-day moving average price is $5.55. The stock has a market cap of $282.16 million and a price-to-earnings ratio of 54.95.

The Container Store Group (NYSE:TCS) last released its quarterly earnings results on Monday, April 25th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $232.10 million for the quarter, compared to analysts’ expectations of $230.53 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts expect that The Container Store Group Inc. will post $0.25 EPS for the current fiscal year.

A hedge fund recently raised its stake in The Container Store Group stock. Wells Fargo & Company MN increased its position in shares of The Container Store Group Inc. (NYSE:TCS) by 27.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,780 shares of the company’s stock after buying an additional 28,142 shares during the period. Wells Fargo & Company MN owned 0.27% of The Container Store Group worth $1,065,000 as of its most recent filing with the SEC.

The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center.

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