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

StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS) in a research note released on Monday morning. The firm issued a hold rating on the specialty retailer’s stock.

The Container Store Group Price Performance

Shares of TCS opened at $0.27 on Monday. 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 firm has a market capitalization of $940,397.50, a PE ratio of -0.01 and a beta of 1.01. The company’s 50-day moving average is $2.02. The Container Store Group has a 1-year low of $1.79 and a 1-year high of $37.80.

The Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($3.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($3.18). The Container Store Group had a negative net margin of 12.34% and a negative return on equity of 17.81%. The business had revenue of $196.58 million during the quarter, compared to analyst estimates of $197.68 million. During the same quarter last year, the firm posted $0.15 EPS. As a group, sell-side analysts expect that The Container Store Group will post -6.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC lifted its stake in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 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.