Jefferies Reaffirms Their Hold Rating on Container Store Group

By Jason Carr

Jefferies analyst Daniel Binder reiterated a Hold rating on Container Store Group (NYSE: TCS) yesterday and set a price target of $5.25. The company’s shares closed yesterday at $4.15, close to its 52-week low of $3.75.

According to TipRanks.com, Binder is a 4-star analyst with an average return of 7.4% and a 67.3% success rate. Binder covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, United Stationers Inc, and Wal-Mart Stores Inc.

Container Store Group has an analyst consensus of Hold, with a price target consensus of $5.25.

Based on Container Store Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $221 million and quarterly net profit of $8.38 million. In comparison, last year the company earned revenue of $232 million and had a net profit of $9.4 million.

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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 the following business 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.