The Container Store Group Inc. [NYSE: TCS] jumped around 1.76 points on Thursday, while shares priced at $16.88 at the close of the session, up 11.64%. The company report on February 8, 2021 that The Container Store Group, Inc. Announces Secondary Offering of Common Stock by Selling Stockholders.
The Container Store Group, Inc. (NYSE: TCS) (“The Container Store” or “TCS”) announced a secondary offering of 5,000,000 shares of its common stock (representing approximately 9.9% of its issued and outstanding shares) by funds affiliated with Leonard Green & Partners, L.P. (the “Selling Stockholders”). The offering consists entirely of shares of common stock to be sold by the Selling Stockholders. TCS will not receive any proceeds from the sale of the shares of common stock by the Selling Stockholders.
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BofA Securities is acting as the sole underwriter for the offering. BofA Securities proposes to offer the shares of our common stock from time to time for sale in one or more transactions on the NYSE, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to such prevailing market prices or negotiated prices, subject to their right to reject any order in whole or in part.
Compared to the average trading volume of 1.36M shares, TCS reached a trading volume of 4296254 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about The Container Store Group Inc. [TCS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCS shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCS stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for The Container Store Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 09, 2020. While these analysts kept the previous recommendation, Goldman raised their target price from $2.25 to $3. The new note on the price target was released on August 04, 2020, representing the official price target for The Container Store Group Inc. stock. Previously, the target price had yet another drop from $7 to $5.25, while Goldman kept a Neutral rating on TCS stock.
The Average True Range (ATR) for The Container Store Group Inc. is set at 1.28, with the Price to Sales ratio for TCS stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 2.54, with the Price to Cash per share for the same quarter was set at 0.56. Price to Free Cash Flow for TCS in the course of the last twelve months was 6.35 with Quick ratio for the last quarter at 0.40.
How has TCS stock performed recently?
The Container Store Group Inc. [TCS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.94. With this latest performance, TCS shares gained by 41.85% in over the last four-week period, additionally plugging by 399.41% over the last 6 months – not to mention a rise of 295.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TCS stock in for the last two-week period is set at 69.69, with the RSI for the last a single of trading hit 71.40, and the three-weeks RSI is set at 68.00 for The Container Store Group Inc. [TCS]. The present Moving Average for the last 50 days of trading for this stock 12.44, while it was recorded at 15.86 for the last single week of trading, and 7.20 for the last 200 days.
The Container Store Group Inc. [TCS]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and The Container Store Group Inc. [TCS] shares currently have an operating margin of +5.39 and a Gross Margin at +53.86. The Container Store Group Inc.’s Net Margin is presently recorded at +1.58.
Return on Total Capital for TCS is now 6.50, given the latest momentum, and Return on Invested Capital for the company is 2.03. Return on Equity for this stock inclined to 5.40, with Return on Assets sitting at 1.51. When it comes to the capital structure of this company, The Container Store Group Inc. [TCS] has a Total Debt to Total Equity ratio set at 262.50. Additionally, TCS Total Debt to Total Capital is recorded at 72.41, with Total Debt to Total Assets ending up at 61.13. Long-Term Debt to Equity for the company is recorded at 233.62, with the Long-Term Debt to Total Capital now at 64.45.
Reflecting on the efficiency of the workforce at the company, The Container Store Group Inc. [TCS] managed to generate an average of $2,841 per employee. Receivables Turnover for the company is 32.70 with a Total Asset Turnover recorded at a value of 0.96.The Container Store Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.90.
Earnings analysis for The Container Store Group Inc. [TCS]
With the latest financial reports released by the company, The Container Store Group Inc. posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TCS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Container Store Group Inc. go to 15.30%.
Insider trade positions for The Container Store Group Inc. [TCS]
There are presently around $737 million, or 77.30% of TCS stock, in the hands of institutional investors. The top three institutional holders of TCS stocks are: LEONARD GREEN & PARTNERS, L.P. with ownership of 20,334,006, which is approximately -26.076% of the company’s market cap and around 1.30% of the total institutional ownership; WOODSON CAPITAL MANAGEMENT, LP, holding 3,200,000 shares of the stock with an approximate value of $54.02 million in TCS stocks shares; and FRONT STREET CAPITAL MANAGEMENT, INC., currently with $40.6 million in TCS stock with ownership of nearly -5.425% of the company’s market capitalization.
Positions in The Container Store Group Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 84 institutional holders increased their position in The Container Store Group Inc. [NYSE:TCS] by around 10,711,738 shares. Additionally, 44 investors decreased positions by around 9,852,749 shares, while 12 investors held positions by with 23,116,635 shares. The mentioned changes placed institutional holdings at 43,681,122 shares, according to the latest SEC report filing. TCS stock had 48 new institutional investments in for a total of 8,209,952 shares, while 16 institutional investors sold positions of 295,284 shares during the same period.