Analysts predict that Container Store Group Inc (NYSE:TCS) will post sales of $231.21 million for the current quarter, according to Zacks. Two analysts have issued estimates for Container Store Group’s earnings, with estimates ranging from $230.11 million to $232.30 million. Container Store Group reported sales of $221.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The company is expected to announce its next earnings results on Tuesday, May 22nd.
According to Zacks, analysts expect that Container Store Group will report full-year sales of $855.70 million for the current year, with estimates ranging from $854.60 million to $856.80 million. For the next fiscal year, analysts anticipate that the company will report sales of $879.59 million per share, with estimates ranging from $866.29 million to $899.50 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Container Store Group.
Container Store Group (NYSE:TCS) last released its earnings results on Tuesday, February 6th. The specialty retailer reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Container Store Group had a return on equity of 5.91% and a net margin of 3.34%. The business had revenue of $223.00 million for the quarter, compared to the consensus estimate of $227.58 million. The business’s revenue was up 3.0% compared to the same quarter last year.
Separately, Zacks Investment Research cut Container Store Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Container Store Group currently has an average rating of “Sell” and a consensus target price of $5.13.
NYSE TCS traded down $0.13 on Monday, hitting $5.72. 120,783 shares of the company’s stock were exchanged, compared to its average volume of 156,902. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.34 and a quick ratio of 0.55. Container Store Group has a 52 week low of $3.53 and a 52 week high of $6.37. The stock has a market capitalization of $282.72, a PE ratio of 22.00, a PEG ratio of 1.06 and a beta of 1.49.
Several large investors have recently made changes to their positions in TCS. Virtu Financial LLC increased its holdings in shares of Container Store Group by 141.0% during the fourth quarter. Virtu Financial LLC now owns 35,480 shares of the specialty retailer’s stock worth $168,000 after buying an additional 20,757 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Container Store Group by 145.9% during the fourth quarter. Deutsche Bank AG now owns 36,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 21,657 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Container Store Group during the fourth quarter worth $177,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Container Store Group during the fourth quarter worth $210,000. Finally, LSV Asset Management acquired a new position in shares of Container Store Group during the fourth quarter worth $224,000. Institutional investors own 78.77% of the company’s stock.
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About Container Store Group
The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates through two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including bath, box, closets, collections, containers, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products.
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