Jefferies Group LLC reaffirmed their hold rating on shares of Container Store (The) (NYSE:TCS) in a report issued on Thursday morning. Jefferies Group LLC currently has a $4.50 price objective on the specialty retailer’s stock, down from their prior price objective of $5.25.

TCS has been the subject of several other reports. Barclays PLC boosted their price objective on shares of Container Store (The) from $5.00 to $6.00 and gave the company an equal weight rating in a research note on Wednesday, May 24th. Zacks Investment Research raised shares of Container Store (The) from a hold rating to a buy rating and set a $6.00 price target for the company in a research report on Thursday, July 13th. Morgan Stanley upped their price target on shares of 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, BidaskClub cut shares of Container Store (The) from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Container Store (The) presently has an average rating of Hold and an average target price of $5.50.

Container Store (TCS) opened at 4.22 on Thursday. The stock has a market capitalization of $203.77 million, a price-to-earnings ratio of 22.21 and a beta of 1.60. Container Store has a 52-week low of $3.75 and a 52-week high of $8.34. The stock’s 50 day moving average price is $4.78 and its 200 day moving average price is $4.68.

Container Store (The) (NYSE:TCS) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $183.27 million. During the same period in the previous year, the company earned ($0.04) EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts forecast that Container Store will post $0.34 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in TCS. State Street Corp boosted its position in Container Store (The) by 1.6% during the 4th quarter. State Street Corp now owns 253,579 shares of the specialty retailer’s stock worth $1,613,000 after purchasing an additional 3,997 shares during the period. Dimensional Fund Advisors LP boosted its position in Container Store (The) by 21.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 279,548 shares of the specialty retailer’s stock worth $1,775,000 after purchasing an additional 48,597 shares during the period. Teachers Advisors LLC boosted its position in Container Store (The) by 2.4% during the 4th quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock worth $173,000 after purchasing an additional 629 shares during the period. Wells Fargo & Company MN boosted its position in Container Store (The) by 6.2% during the 1st quarter. Wells Fargo & Company MN now owns 99,816 shares of the specialty retailer’s stock worth $423,000 after purchasing an additional 5,804 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Container Store (The) by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 106,619 shares of the specialty retailer’s stock worth $451,000 after purchasing an additional 4,632 shares during the period. 79.11% of the stock is owned by hedge funds and other institutional investors.

Container Store (The) Company Profile

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.

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

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