The Container Store Group Inc. (NYSE: TCS) stock jumped 0.43% on Friday to $2.33 against a previous-day closing price of $2.32. With 0.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.3400 whereas the lowest price it dropped to was $2.2500. The 52-week range on TCS shows that it touched its highest point at $6.21 and its lowest point at $2.07 during that stretch. It currently has a 1-year price target of $2.75. Beta for the stock currently stands at 1.53.
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 up-trending over the past week, with a rise of 7.37%, but this was down by -7.54% over a month. Three-month performance dropped to -23.10% while six-month performance fell -33.43%. The stock lost -61.42% in the past year, while it has lost -45.94% so far this year. A look at the trailing 12-month EPS for TCS yields -3.69 with Next year EPS estimates of 0.26. For the next quarter, that number is -0.05. This implies an EPS growth rate of -297.40% for this year and 425.00% 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 22.98%.
Float and Shares Shorts:
At present, 49.25 million TCS shares are outstanding with a float of 33.73 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.86 million, which was 1.67% higher than short shares on Jul 30, 2023. In addition to Mr. Satish Malhotra as the firm’s CEO, Pres & Director, Mr. Jeffrey A. Miller serves as its Chief Financial Officer.
Through their ownership of 81.21% of TCS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.55% of TCS, in contrast to 23.75% held by mutual funds. Shares owned by individuals account for 15.89%. As the largest shareholder in TCS with 4.76% of the stake, Front Street Capital Management, holds 2,448,922 shares worth 2,448,922. A second-largest stockholder of TCS, The Vanguard Group, Inc., holds 1,905,124 shares, controlling over 3.71% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in TCS, holding 1,802,559 shares or 3.51% stake. With a 2.37% stake in TCS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,219,767 shares are owned by the mutual fund manager. The Tarkio Fund, which owns about 1.78% of TCS stock, is the second-largest Mutual Fund holder. It holds 913,774 shares valued at 2.14 million. DFA US Targeted Value Portfolio holds 1.01% of the stake in TCS, owning 518,795 shares worth 1.21 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 30, 2023, TCS reported revenue of $262.63M and operating income of $17.94M. The EBITDA in the recently reported quarter was $26.94M and diluted EPS was $0.21.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TCS since 0 analysts follow the stock currently. 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 $3.50 and a low target of $2.00, the average target price over the next 12 months is $2.75. Based on these targets, TCS could surge 50.21% to reach the target high and fall by -14.16% to reach the target low. Reaching the average price target will result in a growth of 18.03% 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.
Summary of Insider Activity:
Insiders traded TCS stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 48,011 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 959,474 while 382,136 shares were sold.