A Director at Container Store Group (NYSE: TCS) is Buying Shares

By George MacDonald

Today, a Director at Container Store Group (NYSE: TCS), Caryl Stern, bought shares of TCS for $15.02k.

Caryl Stern increased his holding by 100%. In addition to Caryl Stern, 2 other TCS executives reported Buy trades in the last month.

Based on Container Store Group`s latest earnings report from February 29, the company posted quarterly revenue of $232.1M and quarterly net profit of $9.4M. In comparison, last year the company earned revenue of $169.8M and had a GAAP net loss of $5.2M. The company has a one year high of $17.70 and a one year low of $3.77. TCS’s market cap is $260.6M and the company has a P/E ratio of 29.61%.

Four different firms, including Merrill Lynch and Credit Suisse, currently also have a Buy rating on the stock.

Looking at blogger coverage of TCS, there is a 56% Bearish tendency on the stock, in relation to a 65% average bullish tendency within the Service sector.

The Container Store Group, Inc. is a holding company, which engages in the retail of storage products for home and office. It provides creative, multifunctional, customizable storage, and organization solutions that helps its customers to save time and space. The company operates through two segments: The Container Store and Elfa. The Container Store segment operates as a subsidiary company which consists of retail stores, website and call center. The Elfa segment designs and manufactures component-based shelving and drawer systems that are customizable for any area of the home, including closets, kitchens, offices and garages. The Container Store Group was founded on June 29, 2007 and is headquartered in Coppell, TX.