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

StockNews.com initiated 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 NYSE:TCS opened at $0.14 on Tuesday. The business’s 50 day moving average is $1.50. The Container Store Group has a twelve month low of $1.79 and a twelve month high of $37.80. The stock has a market cap of $484,727.46, a P/E ratio of 0.00 and a beta of 1.01. 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 released its quarterly earnings results 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 business had revenue of $196.58 million during the quarter, compared to analysts’ expectations of $197.68 million. During the same quarter last year, the company earned $0.15 EPS. As a group, equities research analysts predict that The Container Store Group will post -6.36 EPS for the current fiscal year.

Institutional Trading of The Container Store Group

An institutional investor recently raised its position in The Container Store Group stock. Renaissance Technologies LLC boosted its holdings in The Container Store Group, Inc. (NYSE:TCS) by 21.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,200 shares of the specialty retailer’s stock after purchasing an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned about 0.17% of The Container Store Group worth $48,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.