The Container Store Group Inc. (NYSE:TCS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Saturday. The brokerage presently has a $5.75 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 13.41% from the stock’s previous close.

According to Zacks, “The Container Store Group, Inc. operates as a specialty retailer of storage and organization products in the United States. The company operates in two segments, TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center. Elfa segment designs and manufactures component-based shelving and drawer systems that are customizable for any area of the home, including closets, kitchens, offices and garages. The Container Store Group, Inc. is headquartered in Coppell, Texas. “

Several other research analysts also recently weighed in on the company. Credit Suisse Group AG reiterated a “buy” rating and set a $7.00 price target on shares of The Container Store Group in a research note on Thursday. Barclays PLC reiterated a “hold” rating and set a $5.00 price target on shares of The Container Store Group in a research note on Thursday. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of The Container Store Group in a research note on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.71.

Analyst Recommendations for The Container Store Group (NYSE:TCS)

The Container Store Group (NYSE:TCS) opened at 5.07 on Friday. The Container Store Group has a 52-week low of $3.77 and a 52-week high of $11.41. The company has a market cap of $243.33 million, a PE ratio of 47.38 and a beta of 1.55. The firm has a 50-day moving average price of $4.99 and a 200-day moving average price of $5.36.

The Container Store Group (NYSE:TCS) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company earned $205.06 million during the quarter, compared to the consensus estimate of $205.08 million. The Container Store Group had a return on equity of 3.39% and a net margin of 1.13%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. On average, analysts forecast that The Container Store Group will post $0.21 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in TCS. Oxford Asset Management acquired a new stake in The Container Store Group during the second quarter valued at $841,000. Emerald Acquisition Ltd. acquired a new stake in The Container Store Group during the second quarter valued at $222,000. Bank of New York Mellon Corp boosted its stake in The Container Store Group by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 100,290 shares of the company’s stock valued at $536,000 after buying an additional 2,277 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in The Container Store Group during the second quarter valued at $124,000. Finally, Rutabaga Capital Management LLC MA acquired a new stake in The Container Store Group during the second quarter valued at $2,820,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

The Container Store Group Company Profile

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.

5 Day Chart for NYSE:TCS

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