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 research report released on Saturday morning. The firm issued a hold rating on the specialty retailer’s stock.

The Container Store Group Stock Down 8.0 %

Shares of TCS opened at $0.23 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29. The company has a market cap of $793,730.00, a PE ratio of -0.01 and a beta of 1.01. The stock has a 50 day moving average of $3.26. The Container Store Group has a 52 week low of $1.79 and a 52 week high of $37.80.

Institutional Investors Weigh In On The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC boosted its position in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. 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 about 0.17% of The Container Store Group worth $48,000 at the end of the most recent reporting period. 67.11% of the stock is currently owned by institutional investors.

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.