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

StockNews.com assumed coverage on shares of The Container Store Group (NYSE:TCS) in a report published on Wednesday morning. The firm issued a hold rating on the specialty retailer’s stock.

The Container Store Group Stock Performance

TCS stock opened at $0.14 on Wednesday. The stock has a 50 day moving average of $1.08. The company has a market capitalization of $484,727.46, a PE ratio of 0.00 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 1-year low of $1.79 and a 1-year high of $37.80.

Institutional Trading of The Container Store Group

A hedge fund recently raised its stake in The Container Store Group stock. Renaissance Technologies LLC raised its position in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,200 shares of the specialty retailer’s stock after purchasing an additional 15,300 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of The Container Store Group worth $48,000 at the end of the most recent reporting period. 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.