Equities researchers at StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS – Get Free Report) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the specialty retailer’s stock.
The Container Store Group Stock Up 22.7 %
NYSE TCS opened at $2.65 on Thursday. The company has a 50 day simple moving average of $5.83. The company has a market capitalization of $9.14 million, a price-to-earnings ratio of -0.09 and a beta of 1.01. The Container Store Group has a 12-month low of $1.79 and a 12-month high of $37.80. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in The Container Store Group stock. Renaissance Technologies LLC lifted its position in The Container Store Group, Inc. (NYSE:TCS – Free Report) by 21.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,200 shares of the specialty retailer’s stock after purchasing an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned about 0.17% of The Container Store Group worth $48,000 at the end of the most recent quarter. 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.
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