The Container Store Group (NYSE:TCS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of The Container Store Group (NYSE:TCS) from a sell rating to a hold rating in a report published on Wednesday.

The Container Store Group Price Performance

TCS opened at $3.44 on Wednesday. The firm has a market capitalization of $11.87 million, a PE ratio of -0.12 and a beta of 1.08. The company has a fifty day moving average of $8.10. 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 Container Store Group has a 12-month low of $3.32 and a 12-month high of $37.80.

Institutional Trading of The Container Store Group

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of The Container Store Group by 21.0% during the second quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 15,300 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of The Container Store Group during the second quarter worth $165,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of The Container Store Group during the first quarter worth $490,000. Finally, Zazove Associates LLC raised its holdings in shares of The Container Store Group by 72.6% during the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock worth $536,000 after purchasing an additional 197,831 shares during the period. 67.11% of the stock is owned by institutional investors and hedge funds.

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.