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TCS $2.65

TCS target price
2.65
0
0
The Container Store Group, Inc.
Type
Public
Traded as NYSE: TCS
Industry Retail
Founded Dallas, Texas (1978)
Founder Garrett Boone and Kip Tindell
Headquarters Coppell, Texas
Number of locations
90 (Nov 2017)
Revenue Increase USD $795 million (2015)
Net income

Decrease USD $5.1 million (2015)

Increase USD $22.7 million (2014)
Owner Leonard Green & Partners
Number of employees
4,281
Website www.containerstore.com

Decrease USD $5.1 million (2015)

The Container Store Group, Inc. is an American specialty retail chain company that operates The Container Store, which offers storage and organization products. The company has made Fortune's list of "100 Best Companies to Work For" in each of the past 17 years, through 2016.

In February 2007, its owners announced that they were "exploring alternatives," including selling the company to private investors, in order to fund future growth. They stated that they would not sell unless they received guarantees that the corporate culture was preserved. On July 2, 2007, the company announced that they had closed a deal with a private equity firm based in Los Angeles, Leonard Green & Partners, which obtained a majority stake.

Garrett Boone and Kip Tindell met while working in the paint department of Montgomery Ward. On July 1, 1978, The Container Store opened in a small, 1,600-square-foot (150 m) retail space in Dallas. Kip Tindell (Chairman and CEO), Garrett Boone (Chairman Emeritus), and architect John Mullen opened a retail store offering a mix of products devoted to helping people simplify their lives. In doing so, they originated a new category of retailing (storage and organization). Initial cash capital was provided by Garrett, his father, and John Mullen, who were founding directors, officers and shareholders of the company. In 1999, the company bought one of its main suppliers, Elfa International, a Swedish corporation that specialized in shelving and storage units.

The first store location outside Texas opened in Atlanta, Georgia in April 1991. By December 1998, the chain had grown to 18 stores in operation. In October 2000, its first New York metropolitan area store opened. As of November 2004, it had 33 locations, and reached 38 with the opening of the first Los Angeles area location in October 2006.

Following the deal with Leonard Green & Partners, announced in July 2007, the company announced plans to open 29 more stores in the next five years. The first Arkansas location (Little Rock) opened in March 2008, followed by the first Arizona location (Scottsdale) in the summer, and the first Minnesota location (Edina) and second Ohio location (Cincinnati) that fall.

As of May 2016, The Container Store has 80 locations, with plans to open several stores in the following months. On May 9, the company announced that Kip Tindell would be stepping down as CEO and would be succeeded by COO and president Melissa Reiff.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2022 2022-10-31 Future report Set alerts
Q1 2022 2022-08-02 0.21 0.21
Q4 2021 2022-05-17 0.46 0.46
Q3 2021 2022-02-08 0.28 0.28
Q2 2021 2021-11-02 0.54 0.54
Q1 2021 2021-08-03 0.36 0.36
Q4 2020 2021-05-18 0.71 0.71
Q3 2020 2021-02-02 0.42 0.42
Q2 2020 2020-10-20 0.43 0.41
Q1 2020 2020-07-28 -0.32 -0.34

Ratings

2016-04-26 Boost Price Target Goldman Sachs Neutral $5.75 to $7.50
2016-04-26 Reiterated Rating Jefferies Group Hold
2016-04-26 Boost Price Target Goldman Sachs Group Inc. Neutral $5.75 to $7.50
2016-04-06 Boost Price Target Goldman Sachs Neutral $5.30 to $5.75
2016-03-30 Initiated Coverage Barclays Equal Weight $6.00
2016-03-30 Initiated Coverage Barclays PLC Equal Weight $6.00
2016-01-11 Reiterated Rating Morgan Stanley Equal Weight $6.00
2016-01-08 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2016-01-08 Lower Price Target Credit Suisse Outperform $20.00 to $10.00
2016-01-08 Lower Price Target Credit Suisse Group AG Outperform $20.00 to $10.00
2015-12-17 Initiated Coverage Goldman Sachs Neutral $8.00
2015-12-11 Downgrade Bank of America Buy to Underperform $23.00 to $9.00
2015-12-11 Downgrade Bank of America Corp. Buy to Underperform $23.00 to $9.00
2015-10-13 Upgrade BB&T Corp. Hold
2015-10-06 Reiterated Rating Sterne Agee CRT Hold $18.00 to $16.00
2015-08-24 Reiterated Rating JPMorgan Chase & Co. Buy
2015-08-20 Upgrade BB&T Corp. Underweight to Hold $15.76 to $20.14
2015-08-16 Reiterated Rating Sterne Agee CRT Hold $18.00
2015-07-08 Boost Price Target Jefferies Group Hold $15.00 to $16.00
2015-05-04 Reiterated Rating Credit Suisse Outperform $27.00 to $16.00
2015-05-03 Reiterated Rating JPMorgan Chase & Co. Overweight $25.00 to $21.00
2015-04-28 Reiterated Rating Sterne Agee CRT Fair Value
2015-04-28 Lower Price Target Barclays Equal Weight $19.00 to $12.00
2015-04-28 Lower Price Target CRT Capital Fairly Valued $22.00 to $17.00
2015-03-26 Downgrade BB&T Corp. Hold to Underweight
2015-01-09 Boost Price Target Jefferies Group Hold $20.00 to $21.00
2015-01-09 Lower Price Target CRT Capital Fairly Valued $25.00 to $22.00
2014-11-14 Initiated Coverage CRT Capital Fair Value $25.00
2014-11-07 Upgrade Bank of America Underperform to Buy $24.00
2014-10-07 Reiterated Rating Jefferies Group Hold $24.00 to $20.00
2014-10-07 Lower Price Target Barclays $19.00
2014-10-02 Reiterated Rating Barclays Equal Weight $24.00 to $19.00
2014-07-22 Initiated Coverage Paradigm Capital Buy $10.00
2014-07-17 Initiated BB&T Capital Mkts Hold
2014-07-16 Initiated Coverage BB&T Corp. Hold
2014-07-10 Reiterated Rating Morgan Stanley Equal Weight $30.00 to $25.00
2014-07-10 Lower Price Target Jefferies Group $29.00 to $24.00
2014-07-09 Set Price Target JPMorgan Chase & Co. Overweight to Overweight $35.00 to $28.00
2014-07-09 Reiterated Rating Credit Suisse Outperform $45.00 to $32.00
2014-07-09 Lower Price Target Barclays Equal Weight $32.00 to $26.00
2014-07-09 Boost Price Target Jefferies Group Hold $24.00 to $29.00
2014-06-24 Initiated Coverage Morgan Stanley Equal Weight $30.00
2014-04-29 Reiterated Rating Guggenheim Neutral $37.00 to $35.00
2014-04-29 Reiterated Rating Barclays Equal Weight $32.00
2014-04-24 Lower Price Target Barclays Equal Weight $40.00 to $34.00
2014-04-17 Reiterated Rating JPMorgan Chase & Co. Overweight $40.00
2014-02-24 Downgrade Bank of America Neutral to Underperform $46.00 to $32.00
2014-02-24 Downgrade Stifel Nicolaus Buy to Hold $43.00
2014-01-08 Downgrade Bank of America Buy to Neutral $46.00
2014-01-08 Boost Price Target Jefferies Group $37.00 to $41.00
2013-11-26 Initiated Coverage Barclays Equal Weight $40.00
2013-11-26 Initiated Coverage Jefferies Group Hold $37.00
2013-11-26 Initiated Coverage Guggenheim Neutral $35.00
2013-11-26 Initiated Coverage Bank of America Buy $48.00
2013-11-26 Initiated Coverage Credit Suisse Outperform $45.00
2013-11-26 Initiated Coverage JPMorgan Chase & Co. Overweight $44.00
2013-11-26 Initiated Coverage Wells Fargo & Co. Market Perform
2013-11-26 Initiated Coverage Wells Fargo Market Perform
2013-11-11 Initiated Coverage Stifel Nicolaus Buy $43.00
2016-04-26 Boost Price Target Goldman Sachs Neutral $5.75 to $7.50
2016-04-26 Reiterated Rating Jefferies Group Hold
2016-04-26 Boost Price Target Goldman Sachs Group Inc. Neutral $5.75 to $7.50
2016-04-06 Boost Price Target Goldman Sachs Neutral $5.30 to $5.75
2016-03-30 Initiated Coverage Barclays Equal Weight $6.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TINDELL SHARON CHIEF MERCHANDISING OFFICER 3.46%  (1660359) TCS /
Tindell William A CHIEF EXECUTIVE OFFICER 3.38%  (1622131) TCS / WFM /
REIFF MELISSA PRESIDENT & COO 0.75%  (358471) TCS /
TAYLOR JODI CHIEF FINANCIAL OFFICER 0.13%  (63598) TCS /
VON MENTZER PER CEO OF ELFA 0.07%  (35324) TCS /
Jordan Robert E 0.06%  (30000) LUV / TCS /
LODWICK PETER VP & GENERAL COUNSEL 0.04%  (17367) TCS /
SISODIA RAJENDRA 0.02%  (10750) TCS /
MILLER JEFFREY A VICE PRESIDENT & CAO 0.02%  (8119) TCS /
ROBB WALTER E IV 0.01%  (6500) TCS / WFM /
STERN CARYL 0.01%  (4850) TCS /