The Container Store Group (NYSE:TCS) Upgraded at StockNews.com

StockNews.com upgraded shares of The Container Store Group (NYSE:TCS) from a sell rating to a hold rating in a research note published on Wednesday.

The Container Store Group Trading Up 1.7 %

Shares of TCS opened at $3.50 on Wednesday. The stock’s fifty day simple moving average is $7.69. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.29 and a quick ratio of 0.57. The Container Store Group has a 12 month low of $3.18 and a 12 month high of $37.80. The firm has a market capitalization of $12.08 million, a PE ratio of -0.12 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new stake in The Container Store Group during the 2nd quarter valued at approximately $165,000. Jacobs Levy Equity Management Inc. bought a new position in The Container Store Group in the 1st quarter valued at about $490,000. Renaissance Technologies LLC boosted its stake in The Container Store Group by 21.0% during the 2nd quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 15,300 shares during the last quarter. Finally, Zazove Associates LLC raised its stake in shares of The Container Store Group by 72.6% in the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock worth $536,000 after purchasing an additional 197,831 shares during the last quarter. Institutional investors and hedge funds own 67.11% of the company’s stock.

About The Container Store Group

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.