#6 - The Container Store (NYSE:TCS)
If you’re looking for a stock that looks more like a short-term pure play on home organization, I offer you The Container Store (NYSE:TCS). This is a stock that was a late bloomer in terms of pandemic winners. The show got a fourth quarter boost when Netflix (NASDAQ:NFLX) began streaming episodes of “Get Organized With the Home Edit.” On “Dumb Money Live” in September, co-host Jordan McClain labeled the show “a giant infomercial for The Container Store” and investors have rewarded the stock accordingly.
TCS stock is up 195% in the last four months and 16% in the last month. With many Americans expected to be staying indoors throughout the winter months, it would seem the company will continue to have catalysts for the next couple of quarters.
The Container Store needed the shot in the arm as the company had to shut many of its brick-and-mortar stores due to the pandemic. However in the last quarter, the company did post year-over-year increases in profits and revenue.
About The Container Store Group
The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.
Read More - Current Price
- $3.97
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1.00 (74.8% Downside)
