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

StockNews.com began coverage on shares of The Container Store Group (NYSE:TCS) in a research note issued to investors on Thursday. The firm issued a hold rating on the specialty retailer’s stock.

The Container Store Group Trading Up 22.7 %

Shares of NYSE TCS opened at $2.65 on Thursday. The company’s 50 day simple moving average is $5.41. The firm has a market cap of $9.14 million, a PE ratio of -0.09 and a beta of 1.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29. The Container Store Group has a 12 month low of $1.79 and a 12 month high of $37.80.

Hedge Funds Weigh In On 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) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 306,272 shares of the specialty retailer’s stock, valued at approximately $165,000. Assenagon Asset Management S.A. owned 0.59% of The Container Store Group at the end of the most recent reporting period. Institutional investors and hedge funds own 67.11% of the company’s stock.

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.