Container Store (The) (NYSE:TCS) – Research analysts at Jefferies Group increased their FY2018 EPS estimates for Container Store (The) in a report issued on Tuesday. Jefferies Group analyst D. Binder now anticipates that the specialty retailer will earn $0.35 per share for the year, up from their prior estimate of $0.33. Jefferies Group currently has a “Hold” rating and a $4.50 target price on the stock. Jefferies Group also issued estimates for Container Store (The)’s Q4 2018 earnings at $0.22 EPS, FY2019 earnings at $0.33 EPS, FY2020 earnings at $0.32 EPS, FY2021 earnings at $0.34 EPS and FY2022 earnings at $0.33 EPS.

Container Store (The) (NYSE:TCS) last announced its quarterly earnings data on Tuesday, November 7th. The specialty retailer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $218.40 million during the quarter, compared to the consensus estimate of $216.95 million. Container Store (The) had a net margin of 0.59% and a return on equity of 6.18%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis.

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TCS has been the subject of several other research reports. Zacks Investment Research downgraded shares of Container Store (The) from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub downgraded shares of Container Store (The) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.50.

Shares of Container Store (NYSE TCS) traded up $0.03 during mid-day trading on Friday, hitting $5.37. 388,879 shares of the stock traded hands, compared to its average volume of 310,703. The firm has a market cap of $251.15, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.57. Container Store has a one year low of $3.53 and a one year high of $8.34. The company has a current ratio of 1.26, a quick ratio of 0.53 and a debt-to-equity ratio of 1.35.

A number of hedge funds and other institutional investors have recently bought and sold shares of TCS. Wells Fargo & Company MN grew its position in Container Store (The) by 6.2% in the 1st quarter. Wells Fargo & Company MN now owns 99,816 shares of the specialty retailer’s stock valued at $423,000 after purchasing an additional 5,804 shares during the period. Bank of New York Mellon Corp grew its position in Container Store (The) by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 106,619 shares of the specialty retailer’s stock valued at $451,000 after purchasing an additional 4,632 shares during the period. California Public Employees Retirement System grew its position in Container Store (The) by 21.5% in the 1st quarter. California Public Employees Retirement System now owns 145,286 shares of the specialty retailer’s stock valued at $615,000 after purchasing an additional 25,700 shares during the period. Morgan Stanley grew its position in Container Store (The) by 163.3% in the 1st quarter. Morgan Stanley now owns 422,865 shares of the specialty retailer’s stock valued at $1,789,000 after purchasing an additional 262,243 shares during the period. Finally, Bank of America Corp DE grew its position in Container Store (The) by 10.6% in the 1st quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 3,446 shares during the period. 79.32% 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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