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

Analysts at StockNews.com began coverage on shares of The Container Store Group (NYSE:TCS) in a report issued on Sunday. The firm set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Stock Down 11.5 %

TCS opened at $0.23 on Friday. The company has a market cap of $793,730.00, a price-to-earnings ratio of -0.01 and a beta of 1.01. The stock’s fifty day moving average is $2.63. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. The Container Store Group has a fifty-two week low of $1.79 and a fifty-two week high of $37.80.

Institutional Trading of The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC raised its stake 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,200 shares of the specialty retailer’s stock after buying an additional 15,300 shares during the period. Renaissance Technologies LLC owned 0.17% of The Container Store Group worth $48,000 at the end of the most recent quarter. 67.11% of the stock is owned by hedge funds and other 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.