Does The Container Store Group, Inc. (TCS) Have More Gas After Achieving 52-Week High?

May 17, 2018 - By Christine McCrea

The Container Store Group, Inc. (NYSE:TCS) Logo

Investors sentiment increased to 1.65 in Q4 2017. Its up 0.27, from 1.38 in 2017Q3. It is positive, as 8 investors sold The Container Store Group, Inc. shares while 18 reduced holdings. 17 funds opened positions while 26 raised stakes. 37.90 million shares or 1.65% more from 37.28 million shares in 2017Q3 were reported.
Jpmorgan Chase & has 34,199 shares for 0% of their portfolio. Trexquant Invest Limited Partnership reported 11,200 shares stake. Manufacturers Life Comm The reported 5,116 shares. Bridgeway Cap Management holds 0.04% in The Container Store Group, Inc. (NYSE:TCS) or 706,400 shares. Indexiq Advsrs Lc has 0.06% invested in The Container Store Group, Inc. (NYSE:TCS). Goldman Sachs Group Inc Inc owns 10,387 shares. 14,400 are owned by New York State Common Retirement Fund. Parallax Volatility Advisers Limited Partnership holds 2,436 shares. Strs Ohio stated it has 0% in The Container Store Group, Inc. (NYSE:TCS). State Street accumulated 275,928 shares. Tower Limited Liability Co (Trc) accumulated 0% or 1,944 shares. California State Teachers Retirement Sys accumulated 25,246 shares or 0% of the stock. Interest Group Inc reported 10,788 shares. Blackrock Inc invested in 0% or 1.02M shares. 17,300 are owned by Janney Montgomery Scott Limited Liability Corporation.

The stock of The Container Store Group, Inc. (NYSE:TCS) hit a new 52-week high and has $7.51 target or 3.00 % above today’s $7.29 share price. The 9 months bullish chart indicates low risk for the $352.32M company. The 1-year high was reported on May, 17 by Barchart.com. If the $7.51 price target is reached, the company will be worth $10.57M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.11% or $0.22 during the last trading session, reaching $7.29. About 170,634 shares traded. The Container Store Group, Inc. (NYSE:TCS) has risen 40.66% since May 17, 2017 and is uptrending. It has outperformed by 29.11% the S&P500.

Analysts await The Container Store Group, Inc. (NYSE:TCS) to report earnings on May, 22 after the close. They expect $0.23 earnings per share, up 35.29 % or $0.06 from last year’s $0.17 per share. TCS’s profit will be $11.12M for 7.92 P/E if the $0.23 EPS becomes a reality. After $0.11 actual earnings per share reported by The Container Store Group, Inc. for the previous quarter, Wall Street now forecasts 109.09 % EPS growth.

More recent The Container Store Group, Inc. (NYSE:TCS) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in Container Store, OUTFRONT Media, SpartanNash, Amerco, Simpson …” on April 23, 2018. Also Bizjournals.com published the news titled: “See which North Texas companies are among the country’s top employers” on May 09, 2018. Businesswire.com‘s news article titled: “The Container Store Group, Inc. Announces Fourth Quarter and Full Fiscal 2017 Earnings Conference Call” with publication date: May 08, 2018 was also an interesting one.

The Container Store Group, Inc. engages in the retailing of storage and organization products and solutions in the United States. The company has market cap of $352.32 million. The firm operates through two divisions, The Container Store and Elfa. It has a 12.57 P/E ratio. The Company’s retail stores provide various lifestyle products, including bath, box, closets, collections, containers, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products.

The Container Store Group, Inc. (NYSE:TCS) Institutional Positions Chart

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