The Container Store Group (NYSE:TCS) Updates FY 2022 Earnings Guidance

The Container Store Group (NYSE:TCSGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.20-$1.30 for the period, compared to the consensus EPS estimate of $1.44. The company issued revenue guidance of $1.13 billion-$1.13 billion, compared to the consensus revenue estimate of $1.07 billion.The Container Store Group also updated its Q1 2022 guidance to $0.15-$0.20 EPS.

Several equities analysts recently commented on TCS shares. StockNews.com assumed coverage on shares of The Container Store Group in a research note on Thursday, March 31st. They set a hold rating for the company. TheStreet downgraded The Container Store Group from a b- rating to a c+ rating in a research report on Wednesday, February 23rd. Zacks Investment Research cut The Container Store Group from a buy rating to a hold rating in a research report on Wednesday, April 13th. Finally, Lake Street Capital began coverage on The Container Store Group in a report on Wednesday, April 13th. They issued a buy rating and a $10.00 price target on the stock.

Shares of NYSE:TCS opened at $7.21 on Wednesday. The firm has a market capitalization of $365.19 million, a PE ratio of 3.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 1.21. The Container Store Group has a 52-week low of $6.70 and a 52-week high of $14.25. The firm has a fifty day moving average of $7.96 and a 200 day moving average of $9.69.

The Container Store Group (NYSE:TCSGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.20. The Container Store Group had a return on equity of 25.00% and a net margin of 8.49%. During the same period in the previous year, the company posted $0.71 earnings per share. On average, sell-side analysts forecast that The Container Store Group will post 1.5 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Front Street Capital Management Inc. grew its position in shares of The Container Store Group by 5.1% in the 1st quarter. Front Street Capital Management Inc. now owns 2,590,491 shares of the specialty retailer’s stock worth $21,164,000 after buying an additional 125,927 shares during the period. BlackRock Inc. increased its stake in shares of The Container Store Group by 5.1% during the fourth quarter. BlackRock Inc. now owns 2,270,276 shares of the specialty retailer’s stock valued at $22,657,000 after purchasing an additional 110,071 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of The Container Store Group by 25.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,043,053 shares of the specialty retailer’s stock valued at $16,692,000 after purchasing an additional 410,814 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of The Container Store Group by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,677,861 shares of the specialty retailer’s stock worth $13,707,000 after purchasing an additional 95,335 shares in the last quarter. Finally, State Street Corp grew its stake in shares of The Container Store Group by 57.3% in the 1st quarter. State Street Corp now owns 871,126 shares of the specialty retailer’s stock worth $7,117,000 after buying an additional 317,399 shares during the last quarter. Institutional investors own 84.83% of the company’s stock.

About The Container Store Group (Get Rating)

The Container Store Group, Inc operates as a retailer of storage and organization products and solutions in the United States. It operates in two segments, The Container Store and Elfa. The company provides approximately 11,000 products designed to help customers. Its merchandise category includes Custom Closets, including elfa, Laren, and Avera branded products and installation services, as well as closet lifestyle department products; storage, long-term storage, and shelving; kitchen and trash; office, collections, and hooks; bath, travel, and laundry; gift packaging, seasonal, and impulse; and others.

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