The Container Store Group (NYSE:TCS) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of The Container Store Group (NYSE:TCS) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Stock Down 11.5 %

NYSE:TCS opened at $0.23 on Friday. 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 business’s 50 day moving average price is $2.63. The Container Store Group has a 52 week low of $1.79 and a 52 week high of $37.80. The company has a market cap of $793,730.00, a P/E ratio of -0.01 and a beta of 1.01.

Institutional Trading of The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC grew its position 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 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 0.17% of The Container Store Group worth $48,000 as of its most recent filing with the SEC. 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.