The Container Store Group (NYSE:TCS) Stock Passes Below 200 Day Moving Average of $1.24

Shares of The Container Store Group, Inc. (NYSE:TCS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.24 and traded as low as $0.54. The Container Store Group shares last traded at $0.54, with a volume of 369,230 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reduced their price target on shares of The Container Store Group from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th.

The Container Store Group Stock Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.37 and a current ratio of 1.19. The company has a market capitalization of $27.15 million, a P/E ratio of -0.26 and a beta of 1.10. The business’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $1.24.

The Container Store Group (NYSE:TCS) last announced its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The Container Store Group had a negative net margin of 12.18% and a negative return on equity of 7.40%. The company had revenue of $206.04 million for the quarter, compared to the consensus estimate of $204.18 million. During the same period in the previous year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that The Container Store Group, Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of The Container Store Group

A number of large investors have recently made changes to their positions in TCS. Zazove Associates LLC bought a new stake in shares of The Container Store Group in the 4th quarter worth about $621,000. First Eagle Investment Management LLC increased its holdings in shares of The Container Store Group by 5.5% in the 4th quarter. First Eagle Investment Management LLC now owns 846,761 shares of the specialty retailer’s stock worth $1,931,000 after buying an additional 44,354 shares during the last quarter. Glendon Capital Management LP increased its holdings in shares of The Container Store Group by 34.6% in the 4th quarter. Glendon Capital Management LP now owns 4,763,546 shares of the specialty retailer’s stock worth $10,861,000 after buying an additional 1,224,700 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of The Container Store Group in the 4th quarter worth about $34,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of The Container Store Group during the 1st quarter worth about $490,000. 67.11% of the stock is currently owned by institutional investors.

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.