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

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

The Container Store Group Stock Performance

Shares of TCS opened at $2.65 on Thursday. The firm has a 50 day simple moving average of $5.83. The firm has a market capitalization of $9.14 million, a price-to-earnings ratio of -0.09 and a beta of 1.01. 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 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 bought a new position in The Container Store Group stock. Assenagon Asset Management S.A. purchased a new stake in shares of The Container Store Group, Inc. (NYSE:TCS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 306,272 shares of the specialty retailer’s stock, valued at approximately $165,000. Assenagon Asset Management S.A. owned about 0.59% of The Container Store Group at the end of the most recent quarter. Hedge funds and other institutional investors 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.