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

The Container Store Group (NYSE:TCSGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.20-$1.30 for the period, compared to the consensus earnings per share 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 research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of The Container Store Group in a report on Thursday, March 31st. They issued a hold rating for the company. Lake Street Capital initiated coverage on The Container Store Group in a report on Wednesday, April 13th. They issued a buy rating and a $10.00 price objective for the company. The Goldman Sachs Group dropped their price target on shares of The Container Store Group from $11.50 to $9.00 and set a neutral rating on the stock in a research report on Thursday, May 19th. Finally, TheStreet lowered shares of The Container Store Group from a b- rating to a c+ rating in a research report on Wednesday, February 23rd.

Shares of TCS stock opened at $7.19 on Tuesday. The company has a market capitalization of $364.03 million, a price-to-earnings ratio of 4.44 and a beta of 1.24. The Container Store Group has a 1-year low of $6.70 and a 1-year high of $14.25. The company has a current ratio of 1.11, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $7.67 and its 200-day simple moving average is $8.94.

The Container Store Group (NYSE:TCSGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The specialty retailer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The Container Store Group had a return on equity of 20.73% and a net margin of 7.47%. The firm had revenue of $305.55 million during the quarter, compared to analyst estimates of $281.32 million. During the same period last year, the company posted $0.71 EPS. On average, sell-side analysts predict that The Container Store Group will post 1.25 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in TCS. Quantbot Technologies LP acquired a new position in The Container Store Group in the 1st quarter worth about $70,000. BNP Paribas Arbitrage SA increased its holdings in The Container Store Group by 38.5% in the third quarter. BNP Paribas Arbitrage SA now owns 8,878 shares of the specialty retailer’s stock worth $85,000 after buying an additional 2,467 shares during the last quarter. Citigroup Inc. raised its position in The Container Store Group by 98.8% during the fourth quarter. Citigroup Inc. now owns 8,600 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 4,274 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in The Container Store Group in the fourth quarter valued at approximately $120,000. Finally, Maverick Capital Ltd. bought a new stake in The Container Store Group in the first quarter worth approximately $130,000. Hedge funds and other institutional investors own 84.83% of the company’s stock.

The Container Store Group Company Profile (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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