The Container Store Group (NYSE:TCS) Earns Hold Rating from Analysts at StockNews.com

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

The Container Store Group Stock Performance

TCS opened at $0.14 on Wednesday. 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 one year low of $1.79 and a one year high of $37.80. The stock has a market cap of $484,727.46, a P/E ratio of 0.00 and a beta of 1.01. The firm has a 50-day simple moving average of $1.28.

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 boosted its position in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,200 shares of the specialty retailer’s stock after purchasing an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of The Container Store Group worth $48,000 at the end of the most recent reporting period. 67.11% of the stock is currently owned by institutional investors and hedge funds.

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.