The Container Store Group Inc. (NYSE:TCS) has a beta value of 1.24 and has seen 1,810,317 shares traded in the last trading session. The company, currently valued at $680.59 Million, closed the last trade at $13.48 per share which meant it lost -$0.61 on the day or -4.33% during that session. The TCS stock price is -43.25% off its 52-week high price of $19.31 and 86.13% above the 52-week low of $1.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 823.02 Million shares traded. The 3-month trading volume is 1.32 Million shares.
The consensus among analysts is that The Container Store Group Inc. (TCS) is an Underweight stock at the moment, with a recommendation rating of 3.3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 3 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.57.
The Container Store Group Inc. (NYSE:TCS) trade information
Despite being -4.33% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the TCS stock price touched $15.22- or saw a rise of 11.43%. Year-to-date, The Container Store Group Inc. shares have moved 41.3%, while the 5-day performance has seen it change -9.53%. Over the past 30 days, the shares of The Container Store Group Inc. (NYSE:TCS) have changed -17.9%. Short interest in the company has seen 3.74 Million shares shorted with days to cover at 2.83.
Wall Street analysts have a consensus price target for the stock at $10.25, which means that the shares’ value could jump -23.96% from current levels. The projected low price target is $7.5 while the price target rests at a high of $13. In that case, then, we find that the current price level is -3.56% off the targeted high while a plunge would see the stock lose -44.36% from current levels.
The Container Store Group Inc. (TCS) estimates and forecasts
Figures show that The Container Store Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +41.15% over the past 6 months. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 119.2% and 109.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +6%.
3 analysts offering their estimates for the company have set an average revenue estimate of $295.19 Million for the current quarter. 3 have an estimated revenue figure of $222.6 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $241.34 Million and $152.7 Million respectively for this quarter and the next, and analysts expect sales will grow by 22.3% for the current quarter and 45.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -8.7% over the past 5 years. Earnings growth for 2021 is a modest -10.9% while over the next 5 years, the company’s earnings are expected to increase by 15.3%.
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The Container Store Group Inc. (NYSE:TCS)’s Major holders
Insiders own 12.22% of the company shares, while shares held by institutions stand at 76.15% with a share float percentage of 86.76%. Investors are also buoyed by the number of investors in a company, with The Container Store Group Inc. having a total of 168 institutions that hold shares in the company. The top two institutional holders are Leonard Green & Partners, L.P. with over 20.33 Million shares worth more than $193.99 Million. As of December 30, 2020, Leonard Green & Partners, L.P. held 40.27% of shares outstanding.
The other major institutional holder is Woodson Capital Management, LP, with the holding of over 3.2 Million shares as of December 30, 2020. The firm’s total holdings are worth over $30.53 Million and represent 6.34% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Clark Fork Trust-Tarkio Fd and iShares Russell 2000 ETF. As of February 27, 2021, the former fund manager holds about 1.85% shares in the company for having 933075 shares of worth $14.3 Million while later fund manager owns 757.85 Thousand shares of worth $12.61 Million as of March 30, 2021, which makes it owner of about 1.5% of company’s outstanding stock.