The Container Store Group Inc. (NYSE:TCS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Saturday. The firm currently has a $5.75 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 13.41% from the stock’s current price.

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 firms have also weighed in on TCS. Barclays PLC reissued a “hold” rating and set a $5.00 price objective on shares of The Container Store Group in a research note on Thursday. Credit Suisse Group AG reissued a “buy” rating and set a $7.00 price objective on shares of The Container Store Group in a research note on Thursday. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of The Container Store Group in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The Container Store Group currently has a consensus rating of “Hold” and a consensus price target of $6.71.

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

The Container Store Group (NYSE:TCS) last released its quarterly earnings data 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 Container Store Group had a net margin of 1.13% and a return on equity of 3.39%. The business had revenue of $205.06 million for the quarter, compared to analyst estimates of $205.08 million. During the same quarter last year, the firm earned $0.06 EPS. The Container Store Group’s quarterly revenue was up .3% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in TCS. California State Teachers Retirement System raised its stake in shares of The Container Store Group by 1.8% in the third quarter. California State Teachers Retirement System now owns 33,238 shares of the company’s stock worth $167,000 after buying an additional 600 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of The Container Store Group by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 424,705 shares of the company’s stock worth $2,272,000 after buying an additional 1,234 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of The Container Store Group by 8.0% in the second quarter. Teachers Advisors Inc. now owns 26,611 shares of the company’s stock worth $142,000 after buying an additional 1,966 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 worth $536,000 after buying an additional 2,277 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of The Container Store Group by 15.2% in the third quarter. Bank of Montreal Can now owns 24,510 shares of the company’s stock worth $123,000 after buying an additional 3,233 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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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