The Container Store Group (NYSE:TCS) PT Lowered to $9.00 at The Goldman Sachs Group

The Container Store Group (NYSE:TCSGet Rating) had its target price cut by research analysts at The Goldman Sachs Group from $11.50 to $9.00 in a report released on Thursday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 14.36% from the company’s previous close.

Several other equities research analysts have also recently issued reports on TCS. Lake Street Capital started coverage on shares of The Container Store Group in a research report on Wednesday, April 13th. They set a “buy” rating and a $10.00 price objective on the stock. TheStreet cut shares of The Container Store Group from a “b-” rating to a “c+” rating in a research report on Wednesday, February 23rd. StockNews.com started coverage on shares of The Container Store Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut shares of The Container Store Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.33.

NYSE TCS traded up $0.15 on Thursday, reaching $7.87. 19,031 shares of the stock were exchanged, compared to its average volume of 363,049. The Container Store Group has a one year low of $6.70 and a one year high of $14.25. The firm has a market capitalization of $398.62 million, a PE ratio of 4.86 and a beta of 1.25. The company’s 50-day simple moving average is $7.94 and its two-hundred day simple moving average is $9.68. The company has a current ratio of 1.21, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48.

The Container Store Group (NYSE:TCSGet Rating) last released its earnings results on Tuesday, May 17th. The specialty retailer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.20. The Container Store Group had a net margin of 8.49% and a return on equity of 25.00%. During the same quarter in the previous year, the business posted $0.71 EPS. Sell-side analysts forecast that The Container Store Group will post 1.34 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in shares of The Container Store Group in the first quarter valued at $70,000. Goldman Sachs Group Inc. grew its holdings in shares of The Container Store Group by 85.5% in the first quarter. Goldman Sachs Group Inc. now owns 109,399 shares of the specialty retailer’s stock valued at $894,000 after purchasing an additional 50,434 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of The Container Store Group in the first quarter valued at $130,000. PDT Partners LLC grew its holdings in shares of The Container Store Group by 199.7% in the first quarter. PDT Partners LLC now owns 80,913 shares of the specialty retailer’s stock valued at $661,000 after purchasing an additional 53,913 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in The Container Store Group by 215.9% during the first quarter. IHT Wealth Management LLC now owns 44,851 shares of the specialty retailer’s stock worth $366,000 after buying an additional 30,651 shares during the period. 84.83% of the stock is owned by hedge funds and other institutional investors.

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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