The Goldman Sachs Group Lowers The Container Store Group (NYSE:TCS) Price Target to $1.00

The Container Store Group (NYSE:TCSGet Free Report) had its price objective reduced by analysts at The Goldman Sachs Group from $2.00 to $1.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 31.58% from the company’s current price.

The Container Store Group Stock Performance

Shares of NYSE TCS opened at $0.76 on Tuesday. The stock has a fifty day moving average price of $0.96 and a two-hundred day moving average price of $1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.37 and a current ratio of 1.19. The firm has a market cap of $39.22 million, a P/E ratio of -0.36 and a beta of 1.19. The Container Store Group has a 1 year low of $0.66 and a 1 year high of $3.71.

The Container Store Group (NYSE:TCSGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The firm had revenue of $206.04 million during the quarter, compared to analyst estimates of $204.18 million. The Container Store Group had a negative return on equity of 7.40% and a negative net margin of 12.18%. During the same period last year, the company posted $0.18 EPS. Research analysts forecast that The Container Store Group will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On The Container Store Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in shares of The Container Store Group during the 4th quarter valued at $34,000. Platform Technology Partners acquired a new stake in shares of The Container Store Group during the 3rd quarter valued at $47,000. First Eagle Investment Management LLC lifted its position in shares of The Container Store Group by 5.5% during the 4th quarter. First Eagle Investment Management LLC now owns 846,761 shares of the specialty retailer’s stock valued at $1,931,000 after acquiring an additional 44,354 shares during the last quarter. Barclays PLC lifted its holdings in shares of The Container Store Group by 68.0% in the third quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 44,976 shares in the last quarter. Finally, Zazove Associates LLC purchased a new stake in shares of The Container Store Group in the fourth quarter valued at $621,000. Institutional investors and hedge funds own 67.11% of the company’s stock.

About The Container Store Group

(Get Free Report)

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.

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