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

Stock analysts at StockNews.com assumed coverage on shares of The Container Store Group (NYSE:TCS) in a report released on Saturday. The firm set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Trading Down 8.0 %

TCS stock opened at $0.23 on Friday. The company has a 50 day moving average price of $3.26. The company has a market capitalization of $793,730.00, a price-to-earnings ratio of -0.01 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 debt-to-equity ratio of 1.73, a current ratio of 1.29 and a quick ratio of 0.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC raised its holdings in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,200 shares of the specialty retailer’s stock after buying an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned about 0.17% of The Container Store Group worth $48,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.