Container Store (The) (NYSE:TCS) – Equities research analysts at Jefferies Group raised their FY2018 EPS estimates for shares of Container Store (The) in a note issued to investors on Wednesday. Jefferies Group analyst D. Binder now forecasts that the specialty retailer will post earnings of $0.38 per share for the year, up from their previous estimate of $0.31. Jefferies Group currently has a “Hold” rating and a $5.25 target price on the stock.

Container Store (The) (NYSE:TCS) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.11). Container Store (The) had a net margin of 1.13% and a return on equity of 5.34%. The company had revenue of $183.10 million for the quarter, compared to the consensus estimate of $183.27 million. During the same quarter in the previous year, the company earned ($0.04) EPS. Container Store (The)’s quarterly revenue was up 3.2% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for Container Store (The) (TCS) Lifted by Jefferies Group” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/09/fy2018-eps-estimates-for-container-store-the-tcs-lifted-by-jefferies-group.html.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Container Store (The) from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub lowered Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Morgan Stanley lifted their price target on Container Store (The) from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 21st. Finally, Barclays PLC lifted their price target on Container Store (The) from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.65.

Container Store (NYSE TCS) traded up 1.872% on Monday, hitting $4.625. 158,843 shares of the company were exchanged. The company has a market capitalization of $222.22 million, a price-to-earnings ratio of 24.342 and a beta of 1.57. The stock has a 50 day moving average of $5.63 and a 200 day moving average of $4.74. Container Store has a 52 week low of $3.75 and a 52 week high of $8.34.

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Container Store (The) during the second quarter valued at $105,000. Blair William & Co. IL raised its position in shares of Container Store (The) by 4.0% in the second quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 825 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of Container Store (The) by 8.7% in the first quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock valued at $111,000 after buying an additional 2,104 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Container Store (The) by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock valued at $173,000 after buying an additional 629 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Container Store (The) by 10.6% in the first quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 3,446 shares in the last quarter. 78.67% of the stock is owned by institutional investors and hedge funds.

About Container Store (The)

The Container Store Group, Inc is a specialty retailer of storage and organization products. The Company’s segments include The Container Store (TCS), Elfa and Corporate/Other. The Company’s TCS segment consists of its retail stores, Website and call center, as well as its installation and organizational services business.

Earnings History and Estimates for Container Store (The) (NYSE:TCS)

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