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

Research analysts at StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS) in a research note issued on Saturday. The firm set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Price Performance

NYSE TCS opened at $0.25 on Friday. 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 Container Store Group has a 1-year low of $1.79 and a 1-year high of $37.80. The company’s 50 day moving average price is $3.26. The stock has a market cap of $862,750.00, a PE ratio of -0.01 and a beta of 1.01.

Hedge Funds Weigh In On The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC lifted its holdings in The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,200 shares of the specialty retailer’s stock after acquiring 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. Hedge funds and other institutional investors own 67.11% of the company’s stock.

About The Container Store Group

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.