The Container Store Group Inc. (TCS) Shares Up 6.2%
The Container Store Group Inc. (NYSE:TCS) shares shot up 6.2% during trading on Friday . The stock traded as high as $5.65 and last traded at $5.63, with a volume of 73,690 shares. The stock had previously closed at $5.30.
Several brokerages have recently commented on TCS. Zacks Investment Research downgraded The Container Store Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 28th. Jefferies Group reiterated a “hold” rating on shares of The Container Store Group in a research note on Tuesday, April 26th. Finally, Goldman Sachs Group Inc. lifted their target price on The Container Store Group from $5.75 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The Container Store Group currently has a consensus rating of “Hold” and an average target price of $10.39.
The company has a market capitalization of $265.36 million and a PE ratio of 51.68. The firm’s 50-day moving average is $5.49 and its 200 day moving average is $5.48.
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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