StockNews.com Begins Coverage on The Container Store Group (NYSE:TCS)

Stock analysts at StockNews.com assumed coverage on shares of The Container Store Group (NYSE:TCS) in a research report issued on Sunday. The firm set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Stock Performance

Shares of The Container Store Group stock opened at $0.23 on Friday. The stock’s 50 day moving average is $2.54. The stock has a market capitalization of $793,730.00, a P/E ratio of -0.01 and a beta of 1.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29. The Container Store Group has a one year low of $1.79 and a one year high of $37.80.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Container Store Group stock. Renaissance Technologies LLC increased its stake in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 88,200 shares of the specialty retailer’s stock after purchasing an additional 15,300 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of The Container Store Group worth $48,000 at the end of the most recent reporting period. 67.11% 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, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.