The Container Store Group (NYSE:TCS) Stock Crosses Below 200-Day Moving Average of $2.61

Shares of The Container Store Group, Inc. (NYSE:TCS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.61 and traded as low as $1.87. The Container Store Group shares last traded at $1.89, with a volume of 113,552 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TCS shares. StockNews.com started coverage on The Container Store Group in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Lake Street Capital cut The Container Store Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $5.00 to $3.50 in a research report on Wednesday, August 2nd.

The Container Store Group Trading Down 1.0 %

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14 and a quick ratio of 0.29. The firm has a market cap of $97.13 million, a PE ratio of -0.42 and a beta of 1.37. The business has a 50-day moving average price of $2.10 and a two-hundred day moving average price of $2.61.

Insider Activity at The Container Store Group

In related news, Director Robert E. Jordan acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average price of $2.35 per share, with a total value of $70,500.00. Following the completion of the purchase, the director now directly owns 224,059 shares in the company, valued at $526,538.65. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Satish Malhotra acquired 12,417 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average price of $2.44 per share, with a total value of $30,297.48. Following the completion of the purchase, the chief executive officer now directly owns 737,938 shares in the company, valued at $1,800,568.72. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert E. Jordan purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average cost of $2.35 per share, for a total transaction of $70,500.00. Following the completion of the purchase, the director now owns 224,059 shares in the company, valued at approximately $526,538.65. The disclosure for this purchase can be found here. Corporate insiders own 34.30% of the company’s stock.

Institutional Trading of The Container Store Group

A number of hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in The Container Store Group by 68.0% in the 3rd quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock worth $250,000 after buying an additional 44,976 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in The Container Store Group in the 3rd quarter worth about $77,000. XTX Topco Ltd boosted its stake in The Container Store Group by 81.0% in the 2nd quarter. XTX Topco Ltd now owns 20,381 shares of the specialty retailer’s stock worth $64,000 after buying an additional 9,121 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in The Container Store Group in the 2nd quarter worth about $98,000. Finally, Point72 Middle East FZE acquired a new stake in The Container Store Group in the 2nd quarter worth about $49,000. 69.50% of the stock is owned by institutional investors and hedge funds.

The Container Store Group Company Profile

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.