StockNews.com Initiates Coverage on The Container Store Group (NYSE:TCS)

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

The Container Store Group Stock Performance

NYSE TCS opened at $0.30 on Friday. The firm has a market cap of $1.03 million, a PE ratio of -0.01 and a beta of 1.01. The business’s 50-day simple moving average is $2.45. 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 twelve month low of $1.79 and a twelve month high of $37.80.

Institutional Trading of The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC lifted its position in The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,200 shares of the specialty retailer’s stock after purchasing 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 reporting 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.