Stocks of The Container Store Group Inc. (TCS) are poised to climb above their peers

The Container Store Group Inc. (NYSE: TCS) stock fell -5.05% on Friday to $7.15 against a previous-day closing price of $7.53. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.21 whereas the lowest price it dropped to was $6.78. The 52-week range on TCS shows that it touched its highest point at $14.25 and its lowest point at $6.19 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 1.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TCS was down-trending over the past week, with a drop of -2.05%, but this was up by 7.20% over a month. Three-month performance dropped to -11.84% while six-month performance fell -29.76%. The stock lost -35.35% in the past year, while it has lost -28.36% so far this year. A look at the trailing 12-month EPS for TCS yields 1.62 with Next year EPS estimates of 1.35. For the next quarter, that number is 0.17. This implies an EPS growth rate of 38.60% for this year and 11.85% for next year. EPS is expected to grow by 15.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 39.20%.

Float and Shares Shorts:

At present, 49.63 million TCS shares are outstanding with a float of 32.11 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.67 million, which was 3.24% higher than short shares on Jun 14, 2022. In addition to Mr. Satish Malhotra as the firm’s CEO, Pres & Director, Mr. Jeffrey A. Miller serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 83.61% of TCS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.60% of TCS, in contrast to 33.92% held by mutual funds. Shares owned by individuals account for 20.23%. As the largest shareholder in TCS with 5.59% of the stake, Woodson Capital Management LP holds 2,830,000 shares worth 2,830,000. A second-largest stockholder of TCS, Front Street Capital Management, holds 2,649,405 shares, controlling over 5.23% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in TCS, holding 2,043,053 shares or 4.04% stake. With a 2.07% stake in TCS, the Tarkio Fund is the largest stakeholder. A total of 1,045,325 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.71% of TCS stock, is the second-largest Mutual Fund holder. It holds 863,409 shares valued at 5.38 million. iShares Russell 2000 ETF holds 1.43% of the stake in TCS, owning 724,829 shares worth 4.52 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TCS since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TCS analysts setting a high price target of $10.00 and a low target of $8.00, the average target price over the next 12 months is $8.67. Based on these targets, TCS could surge 39.86% to reach the target high and rise by 11.89% to reach the target low. Reaching the average price target will result in a growth of 21.26% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TCS will report FY 2023 earnings on 05/16/2023. Analysts have provided yearly estimates in a range of $1.21 being high and $1.16 being low. For TCS, this leads to a yearly average estimate of $1.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Container Store Group Inc. surprised analysts by $0.02 when it reported $0.21 EPS against a consensus estimate of $0.19. The surprise factor in the prior quarter was $0.20. Based on analyst estimates, the high estimate for the next quarter is $0.35 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.34.

Summary of Insider Activity:

Insiders traded TCS stock several times over the past three months with 10 Buys and 7 Sells. In these transactions, 836,105 shares were bought while 37,441 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 945,653 while 38,311 shares were sold.

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