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

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

The Container Store Group Stock Performance

Shares of TCS stock opened at $2.65 on Thursday. The Container Store Group has a fifty-two week low of $1.79 and a fifty-two week high of $37.80. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average price of $5.41. The stock has a market cap of $9.14 million, a price-to-earnings ratio of -0.09 and a beta of 1.01.

Institutional Trading of The Container Store Group

An institutional investor recently bought a new position in The Container Store Group stock. Assenagon Asset Management S.A. bought a new position in shares of The Container Store Group, Inc. (NYSE:TCS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 reporting period. 67.11% of the stock is owned by institutional investors and hedge funds.

About The Container Store Group

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.