The Container Store Group (NYSE:TCS) Share Price Crosses Below 200 Day Moving Average of $5.09

The Container Store Group, Inc. (NYSE:TCS – Get Rating) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.09 and traded as low as $4.00. The Container Store Group shares last traded at $4.02, with a volume of 367,303 shares traded.

The Container Store Group Stock Down 5.0 %

The company has a current ratio of 1.26, a quick ratio of 0.31 and a debt-to-equity ratio of 0.40. The firm has a market cap of $203.53 million, a P/E ratio of 3.79 and a beta of 1.47. The business has a 50-day moving average price of $4.77 and a 200-day moving average price of $5.09.

The Container Store Group (NYSE:TCS – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The specialty retailer reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $252.24 million for the quarter, compared to analysts’ expectations of $250.77 million. The Container Store Group had a return on equity of 11.76% and a net margin of 4.90%. On average, equities analysts forecast that The Container Store Group, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On The Container Store Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in shares of The Container Store Group by 0.6% in the second quarter. Northern Trust Corp now owns 296,284 shares of the specialty retailer’s stock valued at $1,846,000 after purchasing an additional 1,765 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of The Container Store Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 245,496 shares of the specialty retailer’s stock valued at $1,058,000 after purchasing an additional 2,259 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of The Container Store Group by 7.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 35,567 shares of the specialty retailer’s stock valued at $175,000 after purchasing an additional 2,460 shares during the period. Insight Advisors LLC PA increased its holdings in shares of The Container Store Group by 30.0% in the third quarter. Insight Advisors LLC PA now owns 13,000 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 3,000 shares during the period. Finally, State of Wyoming increased its holdings in shares of The Container Store Group by 44.4% in the fourth quarter. State of Wyoming now owns 10,722 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 3,297 shares during the period. 82.78% of the stock is currently owned by hedge funds and other institutional investors.

About The Container Store Group

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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 is composed of retail stores, website and call centers, as well as the installation and organizational services business.