The Container Store Group (NYSE:TCS) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of The Container Store Group (NYSE:TCS) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the specialty retailer’s stock.

The Container Store Group Stock Performance

Shares of The Container Store Group stock opened at $0.14 on Tuesday. 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 Container Store Group has a 52-week low of $1.79 and a 52-week high of $37.80. The business has a 50 day moving average price of $1.58. The company has a market capitalization of $484,727.46, a PE ratio of 0.00 and a beta of 1.01.

The Container Store Group (NYSE:TCS) last released its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($3.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($3.18). The firm had revenue of $196.58 million during the quarter, compared to analysts’ expectations of $197.68 million. The Container Store Group had a negative net margin of 12.34% and a negative return on equity of 17.81%. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, equities research analysts forecast that The Container Store Group will post -6.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,200 shares of the specialty retailer’s stock after acquiring an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of The Container Store Group worth $48,000 as of its most recent filing with the Securities & Exchange Commission. 67.11% of the stock is owned by hedge funds and other institutional investors.

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.