The Container Store Group (NYSE:TCS) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS) in a note issued to investors on Friday. The firm set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Stock Up 29.1 %

Shares of TCS stock opened at $0.20 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.29 and a quick ratio of 0.57. The business has a 50 day moving average of $4.33. The Container Store Group has a 52 week low of $1.79 and a 52 week high of $37.80. The company has a market capitalization of $690,545.10, a price-to-earnings ratio of -0.01 and a beta of 1.01.

Institutional Trading of The Container Store Group

A hedge fund recently raised its stake in The Container Store Group stock. Renaissance Technologies LLC boosted its holdings in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,200 shares of the specialty retailer’s stock after buying an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of The Container Store Group worth $48,000 at the end of the most recent quarter. Institutional investors and hedge funds own 67.11% of the company’s stock.

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.