The Container Store Group (NYSE:TCS) Coverage Initiated at StockNews.com

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

The Container Store Group Price Performance

Shares of The Container Store Group stock opened at $0.20 on Friday. The Container Store Group has a 1 year low of $1.79 and a 1 year high of $37.80. The company has a market cap of $690,545.10, a price-to-earnings ratio of -0.01 and a beta of 1.01. The stock has a 50-day simple moving average of $4.33. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Container Store Group stock. Renaissance Technologies LLC boosted its holdings in 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. The institutional investor owned 88,200 shares of the specialty retailer’s stock after acquiring an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned 0.17% of The Container Store Group worth $48,000 at the end of the most recent quarter. 67.11% of the stock is owned by hedge funds and other institutional investors.

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.