The Container Store Group Inc. (NYSE:TCS) – Analysts at Jefferies Group lifted their Q3 2017 earnings estimates for shares of The Container Store Group in a research report issued on Wednesday. Jefferies Group analyst D. Binder now expects that the firm will post earnings of $0.13 per share for the quarter, up from their prior forecast of $0.07. Jefferies Group also issued estimates for The Container Store Group’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.27 EPS and FY2018 earnings at $0.30 EPS.

Several other research analysts have also recently issued reports on TCS. Zacks Investment Research raised The Container Store Group from a “sell” rating to a “hold” rating in a report on Saturday, August 27th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of The Container Store Group in a report on Tuesday, August 16th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $7.00 price target on shares of The Container Store Group in a report on Thursday, November 10th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $5.00 price target on shares of The Container Store Group in a report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.71.

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

The Container Store Group (NYSE:TCS) opened at 5.69 on Monday. The stock has a market capitalization of $276.47 million, a price-to-earnings ratio of 53.18 and a beta of 1.55. The Container Store Group has a 12 month low of $3.77 and a 12 month high of $11.41. The company 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 issued its 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 business had revenue of $205.06 million for the quarter, compared to analyst estimates of $205.08 million. The Container Store Group had a return on equity of 3.39% and a net margin of 1.13%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS.

Institutional investors have recently bought and sold shares of the company. Rutabaga Capital Management LLC MA boosted its position in The Container Store Group by 218.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,676,881 shares of the company’s stock valued at $8,183,000 after buying an additional 1,149,842 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in The Container Store Group by 5.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 432,122 shares of the company’s stock valued at $2,169,000 after buying an additional 21,545 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in 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 valued at $2,272,000 after buying an additional 1,234 shares in the last quarter. BlackRock Fund Advisors boosted its position in The Container Store Group by 11.3% in the second quarter. BlackRock Fund Advisors now owns 415,507 shares of the company’s stock valued at $2,223,000 after buying an additional 42,312 shares in the last quarter. Finally, Northern Trust Corp boosted its position in The Container Store Group by 34.0% in the third quarter. Northern Trust Corp now owns 311,951 shares of the company’s stock valued at $1,566,000 after buying an additional 79,082 shares in the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.

About The Container Store Group

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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