The Container Store Group (NYSE:TCS) Now Covered by StockNews.com

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

The Container Store Group Trading Down 29.6 %

Shares of TCS stock opened at $0.20 on Tuesday. The stock has a market cap of $690,200.00, a PE ratio of -0.01 and a beta of 1.01. The company’s 50 day simple moving average is $1.66. The Container Store Group has a 12 month low of $1.79 and a 12 month high of $37.80. 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 Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($3.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($3.18). The Container Store Group had a negative net margin of 12.34% and a negative return on equity of 17.81%. The firm had revenue of $196.58 million for the quarter, compared to analysts’ expectations of $197.68 million. During the same period in the prior year, the firm posted $0.15 EPS. On average, equities analysts predict that The Container Store Group will post -6.36 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC lifted its position in The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,200 shares of the specialty retailer’s stock after purchasing an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned 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.