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

StockNews.com started coverage on shares of The Container Store Group (NYSE:TCS) in a report released on Tuesday morning. The firm issued a hold rating on the specialty retailer’s stock.

The Container Store Group Stock Performance

Shares of TCS stock opened at $0.14 on Tuesday. 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 firm has a market capitalization of $484,727.46, a PE ratio of 0.00 and a beta of 1.01. The company has a 50 day simple moving average of $1.50. The Container Store Group has a fifty-two week low of $1.79 and a fifty-two week high of $37.80.

The Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($3.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($3.18). The business had revenue of $196.58 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.15 EPS. On average, research analysts forecast that The Container Store Group will post -6.36 EPS 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 boosted its position in shares of The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the 2nd quarter, according to its most recent filing 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 period. Renaissance Technologies LLC owned about 0.17% of The Container Store Group worth $48,000 as of its most recent SEC filing. 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.