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

StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the specialty retailer’s stock.

The Container Store Group Stock Down 29.6 %

The Container Store Group stock opened at $0.20 on Tuesday. The stock has a fifty day simple moving average of $1.66. 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 twelve month low of $1.79 and a twelve month high of $37.80. The company has a market capitalization of $690,200.00, a P/E ratio of -0.01 and a beta of 1.01.

The Container Store Group (NYSE:TCS) last issued its earnings results on Tuesday, October 29th. The specialty retailer reported ($3.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($3.18). The Container Store Group had a negative net margin of 12.34% and a negative return on equity of 17.81%. The company had revenue of $196.58 million for the quarter, compared to analysts’ expectations of $197.68 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. As a group, equities analysts expect that The Container Store Group will post -6.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC raised its position 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 firm owned 88,200 shares of the specialty retailer’s stock after buying an additional 15,300 shares during the period. Renaissance Technologies LLC owned about 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.