The Container Store Group (NYSE:TCS) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS) in a report published on Friday. The firm issued a hold rating on the specialty retailer’s stock.

The Container Store Group Stock Performance

Shares of NYSE TCS opened at $0.20 on Friday. The Container Store Group has a 12-month low of $1.79 and a 12-month high of $37.80. The firm has a market capitalization of $690,200.00, a P/E ratio of -0.01 and a beta of 1.01. The business’s 50 day simple moving average is $4.33. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29.

Hedge Funds Weigh In On The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC increased its stake in The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,200 shares of the specialty retailer’s stock after acquiring 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. Institutional investors 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.