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

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

The Container Store Group Price Performance

Shares of NYSE:TCS opened at $2.65 on Thursday. The company has a market capitalization of $9.14 million, a PE ratio of -0.09 and a beta of 1.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29. The Container Store Group has a 12 month low of $1.79 and a 12 month high of $37.80. The business’s 50 day moving average price is $5.68.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The Container Store Group stock. Assenagon Asset Management S.A. bought a new position in The Container Store Group, Inc. (NYSE:TCS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 306,272 shares of the specialty retailer’s stock, valued at approximately $165,000. Assenagon Asset Management S.A. owned approximately 0.59% of The Container Store Group at the end of the most recent reporting period. 67.11% of the stock is owned by institutional investors and hedge funds.

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.