J.P. Morgan Reaffirms Their Sell Rating on Container Store Group (TCS)

In a report issued on February 9, Christopher Horvers from J.P. Morgan maintained a Sell rating on Container Store Group (TCSResearch Report), with a price target of $12.00. The company’s shares closed last Friday at $8.63, close to its 52-week low of $7.80.

According to, Horvers is a 5-star analyst with an average return of 10.2% and a 65.1% success rate. Horvers covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Academy Sports and Outdoors, and Dick’s Sporting Goods.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Container Store Group with a $12.00 average price target.

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Based on Container Store Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $276 million and net profit of $27.2 million. In comparison, last year the company earned revenue of $248 million and had a net profit of $20.2 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Container Store Group, Inc. is a holding company, which engages in the retail of storage and organization products and solutions. It operates through The Container Store and Elfa segments. The Container Store segment consists of retail stores, website and call center, as well as installation and organizational services business. The Elfa segment involves in the design and manufacture of component-based shelving and drawer systems and made-to-measure sliding doors. The Container Store Group was founded in 1978 and is headquartered in Coppell, TX.

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