The Container Store Group (NYSE:TCS) Shares Pass Below 200 Day Moving Average of $7.42

The Container Store Group, Inc. (NYSE:TCSGet Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.42 and traded as low as $5.72. The Container Store Group shares last traded at $5.90, with a volume of 464,286 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of The Container Store Group from a “buy” rating to a “hold” rating in a report on Monday, August 1st.

The Container Store Group Stock Up 2.3 %

The company has a current ratio of 1.18, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $304.04 million, a P/E ratio of 3.99 and a beta of 1.36. The business has a 50-day moving average price of $7.00 and a 200 day moving average price of $7.42.

The Container Store Group (NYSE:TCSGet Rating) last released its earnings results on Tuesday, August 2nd. The specialty retailer reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The Container Store Group had a return on equity of 18.08% and a net margin of 6.71%. The business had revenue of $262.63 million for the quarter. On average, equities analysts expect that The Container Store Group, Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling at The Container Store Group

In other The Container Store Group news, Director Equity Investors V. L.P. Green sold 32,805 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $6.43, for a total value of $210,936.15. Following the completion of the sale, the director now directly owns 245,940 shares in the company, valued at approximately $1,581,394.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 33.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Container Store Group

A number of hedge funds have recently modified their holdings of the business. Amalgamated Bank purchased a new position in shares of The Container Store Group in the 1st quarter valued at about $31,000. GHP Investment Advisors Inc. acquired a new position in The Container Store Group during the first quarter worth $41,000. Patriot Financial Group Insurance Agency LLC raised its holdings in The Container Store Group by 1,090.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,950 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 5,450 shares during the last quarter. Denali Advisors LLC raised its holdings in shares of The Container Store Group by 33.9% in the first quarter. Denali Advisors LLC now owns 7,500 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of The Container Store Group in the first quarter worth $70,000. 82.52% of the stock is currently owned by hedge funds and other institutional investors.

About The Container Store Group

(Get Rating)

The Container Store Group, Inc operates as a retailer of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. It provides approximately 11,000 products designed to help customers. Its merchandise category includes custom closets, such as elfa Classic, elfa Decor, Laren, and Avera branded products, as well as closet lifestyle department and wood-based products; wood-based custom home storage and organization solutions; and customized solutions for closets, garages, home offices, pantries, laundry rooms, murphy beds, and built-in wall units.

Further Reading

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