why Container Store Group Inc [TCS] is a Good Choice for Investors After New Price Target of $2.00

Container Store Group Inc [NYSE: TCS] slipped around -0.67 points on Wednesday, while shares priced at $1.03 at the close of the session, down -39.41%. The company report on February 6, 2024 at 4:05 PM that The Container Store Group, Inc. Announces Third Quarter 2023 Financial Results.

Third quarter consolidated net sales of $214.9 million, down 14.8% compared to the third quarter of fiscal 2022.

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Comparable store sales^ down 16.8% compared to the third quarter of fiscal 2022.

Compared to the average trading volume of 295.06K shares, TCS reached a trading volume of 4368386 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $2.00 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 3.67. 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.

Lake Street have made an estimate for Container Store Group Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 02, 2023.

The Average True Range (ATR) for Container Store Group Inc is set at 0.18, with the Price to Sales ratio for TCS stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 0.31. Price to Free Cash Flow for TCS in the course of the last twelve months was 3.31 with Quick ratio for the last quarter at 0.37.

How has TCS stock performed recently?

Container Store Group Inc [TCS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -36.81. With this latest performance, TCS shares dropped by -55.41% in over the last four-week period, additionally sinking by -59.92% over the last 6 months – not to mention a drop of -80.96% 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 25.94, with the RSI for the last a single of trading hit 21.55, and the three-weeks RSI is set at 29.87 for Container Store Group Inc [TCS]. The present Moving Average for the last 50 days of trading for this stock 1.9294, while it was recorded at 1.5260 for the last single week of trading, and 2.3867 for the last 200 days.

Container Store Group Inc [TCS]: Deeper insight into the fundamentals

Container Store Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.37 and a Current Ratio set at 1.21.

Earnings analysis for Container Store Group Inc [TCS]

With the latest financial reports released by the company, Container Store Group Inc posted -3.85/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2,506.20%. 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 Container Store Group Inc go to 15.30%.

Insider trade positions for Container Store Group Inc [TCS]

The top three institutional holders of TCS stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TCS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TCS stock with ownership which is approximately 5.8325%.