Container Store Group (NYSE:TCS) Now Covered by Goldman Sachs Group

Goldman Sachs Group began coverage on shares of Container Store Group (NYSE:TCS) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set a “sell” rating and a $7.00 price target on the specialty retailer’s stock. Goldman Sachs Group’s price target would indicate a potential upside of 0.43% from the company’s previous close.

A number of other research firms also recently weighed in on TCS. Zacks Investment Research raised Zurich Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 18th. TheStreet raised Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Barclays reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Finally, ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Container Store Group has a consensus rating of “Hold” and a consensus target price of $8.06.

Shares of NYSE:TCS opened at $6.97 on Thursday. The firm has a market cap of $366.30 million, a P/E ratio of 16.60 and a beta of 2.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 0.39. The company has a 50-day simple moving average of $7.38. Container Store Group has a 1 year low of $4.21 and a 1 year high of $12.42.

Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $253.20 million for the quarter, compared to the consensus estimate of $243.20 million. Container Store Group had a return on equity of 8.23% and a net margin of 2.42%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. Research analysts predict that Container Store Group will post 0.49 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. purchased a new position in Container Store Group in the 1st quarter worth approximately $281,000. Marshall Wace LLP purchased a new stake in Container Store Group during the 1st quarter valued at $186,000. Rutabaga Capital Management LLC MA raised its stake in Container Store Group by 57.9% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 831,103 shares of the specialty retailer’s stock valued at $7,314,000 after buying an additional 304,905 shares during the last quarter. Spark Investment Management LLC raised its stake in Container Store Group by 2.4% during the 1st quarter. Spark Investment Management LLC now owns 380,761 shares of the specialty retailer’s stock valued at $3,350,000 after buying an additional 8,920 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Container Store Group by 21.5% during the 1st quarter. California Public Employees Retirement System now owns 860,010 shares of the specialty retailer’s stock valued at $7,568,000 after buying an additional 152,255 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Container Store Group Company Profile

The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.

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