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

Analysts at StockNews.com started coverage on shares of The Container Store Group (NYSE:TCS) in a note issued to investors on Monday. The brokerage set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Price Performance

Shares of NYSE TCS opened at $0.25 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $862,750.00, a PE ratio of -0.01 and a beta of 1.01. The stock’s fifty day moving average price is $2.11. The Container Store Group has a twelve month low of $1.79 and a twelve month high of $37.80.

The Container Store Group (NYSE:TCS) last issued its quarterly earnings results on Tuesday, October 29th. The specialty retailer reported ($3.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($3.18). The business had revenue of $196.58 million for the quarter, compared to the consensus estimate of $197.68 million. The Container Store Group had a negative return on equity of 17.81% and a negative net margin of 12.34%. During the same period in the prior year, the business earned $0.15 earnings per share. On average, research analysts anticipate that The Container Store Group will post -6.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Container Store Group stock. Renaissance Technologies LLC lifted its holdings in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,200 shares of the specialty retailer’s stock after buying an additional 15,300 shares during the period. Renaissance Technologies LLC owned about 0.17% of The Container Store Group worth $48,000 as of its most recent filing with the SEC. 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.