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

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

The Container Store Group Stock Performance

Shares of TCS opened at $0.30 on Friday. The stock has a market capitalization of $1.03 million, 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 current ratio of 1.29 and a quick ratio of 0.57. The company’s 50 day moving average is $2.45. The Container Store Group has a 52 week low of $1.79 and a 52 week high of $37.80.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC lifted its holdings in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% during the 2nd quarter, according to the company in 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 SEC filing. Hedge funds and other institutional investors own 67.11% of the company’s stock.

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.