The Container Store Group (NYSE:TCS) Share Price Passes Below Two Hundred Day Moving Average of $1.75

Shares of The Container Store Group, Inc. (NYSE:TCSGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.75 and traded as low as $1.07. The Container Store Group shares last traded at $1.12, with a volume of 222,208 shares trading hands.

The Container Store Group Price Performance

The company’s 50 day moving average price is $1.28 and its 200-day moving average price is $1.75. The stock has a market cap of $57.80 million, a P/E ratio of -0.24 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

The Container Store Group (NYSE:TCSGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. The Container Store Group had a negative net margin of 25.64% and a negative return on equity of 2.08%. The firm had revenue of $214.90 million during the quarter, compared to the consensus estimate of $214.06 million. As a group, sell-side analysts expect that The Container Store Group, Inc. will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On The Container Store Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of The Container Store Group during the first quarter valued at about $70,000. Tower Research Capital LLC TRC boosted its stake in The Container Store Group by 223.2% in the third quarter. Tower Research Capital LLC TRC now owns 9,198 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 6,352 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of The Container Store Group in the fourth quarter valued at approximately $44,000. Commonwealth Equity Services LLC bought a new stake in shares of The Container Store Group in the first quarter valued at approximately $34,000. Finally, State of Wyoming increased its holdings in The Container Store Group by 44.4% during the 4th quarter. State of Wyoming now owns 10,722 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 3,297 shares during the period. 67.11% of the stock is owned by institutional investors.

About The Container Store Group

(Get Free Report)

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 organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.

Further Reading

Receive News & Ratings for The Container Store Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Container Store Group and related companies with MarketBeat.com's FREE daily email newsletter.