This article was first published on www.analystratings.com
Sterne Agee CRT analyst Lee Giordano maintained a Hold rating on Container Store Group (NYSE: TCS) on August 14 and set a price target of $18. The company’s shares closed last Friday at $16.25, close to its 52-week low of $15.49.
Container Store Group has an analyst consensus of Strong Buy, with a price target consensus of $16.
Based on Container Store Group`s latest earnings report from May 31, the company posted quarterly revenue of $169.8M and quarterly net profit of -$5.2M. In comparison, last year the company earned revenue of $173.4M and had a net profit of -$3.58M.
Financial bloggers on sites such as zacks.com, SeekingAlpha and others, seem to have a Negative view on TCS. When evaluating the opinions of financial bloggers over the last 3 months, 70% of bloggers have indicated a Bearish sentiment, while 30% have indicated a Bullish sentiment.
According to TipRanks.com, Giordano is a 4-star analyst with an average return of 7.2% and a 56.4% success rate. Giordano covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Susser Holdings Corp., and ClubCorp Holdings.
The Container Store Group Inc a retailer of storage & organization products in USA. It operates in two segments; TCS consists of retail stores, website & call center; & Elfa, designs & manufactures component-based shelving, drawer systems & sliding doors.