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

StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS) in a research report report published on Thursday. The brokerage issued a hold rating on the specialty retailer’s stock.

The Container Store Group Trading Up 22.7 %

Shares of The Container Store Group stock opened at $2.65 on Thursday. The firm has a market cap of $9.14 million, a PE ratio of -0.09 and a beta of 1.01. The Container Store Group has a twelve month low of $1.79 and a twelve month high of $37.80. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.29 and a quick ratio of 0.57. The business’s 50 day moving average is $5.68.

Institutional Investors Weigh In On The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC raised its holdings in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,200 shares of the specialty retailer’s stock after acquiring an additional 15,300 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of The Container Store Group worth $48,000 as of its most recent SEC filing. 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.