41.3 F
New York
Friday, October 30, 2020

The Container Store Group Inc. (NYSE:TCS) Finding Strong Support

Must read

The Rejuvenation of Energy Transfer LP (NYSE:ET)

Energy Transfer LP (ET) shares are trading at higher $5.29 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Snap Inc. (NYSE:SNAP) Stock is Plummeting, Here is Why

Snap Inc. (SNAP) shares are trading at lower $42.22 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Renewed Optimism is Surrounding Advanced Micro Devices Inc. (NASDAQ:AMD)

Advanced Micro Devices Inc. (AMD) shares are trading at higher $78.02 and the avg recommendation for the stock is Moderate Buy, while the current...

Is Now the Time to Invest in Pinterest Inc. (NYSE:PINS)?

Pinterest Inc. (PINS) shares are trading at higher $62.51 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Container Store Group Inc. (TCS) shares are trading at higher $6.19 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $3.00.

To add more color to this target, the company’s high over the last year is $6.39 and the low is $1.80. Over the last 52 weeks, TCS is up 39.73% while the S&P 500 is up 11.54%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TCS reported a profit of $78.24 million. The Container Store Group Inc. also saw revenues increase to $151.69 million. In addition, TCS has free cash flow of $21.7 million as of 06-2020. The company’s EBITDA came in at -$9.67 million which compares well with its peers.

TCS booked profit margins of 0.20%, its Return on Equity (ROE) is 0.70%, and its Return on Assets is 0.20%. All told, it is clear that, TCS needs to be on your watchlist.

Find out when TCS reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TCS has a short ratio of 6.85 and outstanding shares of 48.39M.

Company Outlook

TCS has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.04. The Container Store Group Inc. TCS also noted assets of $1.11 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TCS has historically followed its peers on positive news.

All told, The Container Store Group Inc. TCS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TCS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The Container Store Group Inc. TCS is now commanding a market cap of 297.37M and a float of 18.98M. TCS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TCS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TCS, either long or short, and we have not been compensated for this article.

Latest article

The Unprecedented Rise of Tesla Inc. (NASDAQ:TSLA)

Tesla Inc. (TSLA) shares are trading at higher $410.83 and the avg recommendation for the stock is Hold, while the current analyst price target...

eBay Inc. (NASDAQ:EBAY) Finding Zero Support

eBay Inc. (EBAY) shares are trading at lower $49.28 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Renewed Optimism is Surrounding Citigroup Inc. (NYSE:C)

Citigroup Inc. (C) shares are trading at higher $41.66 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Southwestern Energy Company (NYSE:SWN) is Waving the Bear Flag

Southwestern Energy Company (SWN) shares are trading at lower $2.76 and the avg recommendation for the stock is Hold, while the current analyst price...

The Forecast Just Changed on Transocean Ltd. (NYSE:RIG)

Transocean Ltd. (RIG) shares are trading at lower $0.69 and the avg recommendation for the stock is Hold. To add more color to this...