The Container Store Group (NYSE:TCS) Research Coverage Started at StockNews.com

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

The Container Store Group Stock Performance

Shares of TCS stock opened at $0.23 on Friday. The company has a market capitalization of $793,730.00, a P/E ratio of -0.01 and a beta of 1.01. The Container Store Group has a fifty-two week low of $1.79 and a fifty-two week high of $37.80. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $3.26.

Institutional Trading of The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC grew its holdings in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,200 shares of the specialty retailer’s stock after purchasing an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of The Container Store Group worth $48,000 as of its most recent filing with the Securities & Exchange Commission. 67.11% of the stock is currently owned by institutional investors and hedge funds.

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.