The Container Store Group (NYSE:TCS) Upgraded at StockNews.com

The Container Store Group (NYSE:TCS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

The Container Store Group Price Performance

Shares of NYSE:TCS traded down $0.17 during trading hours on Wednesday, hitting $3.44. 101,907 shares of the company’s stock traded hands, compared to its average volume of 74,856. The Container Store Group has a 1 year low of $3.32 and a 1 year high of $37.80. The firm has a fifty day simple moving average of $8.10. The firm has a market cap of $11.87 million, a price-to-earnings ratio of -0.12 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 1.73.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TCS. Renaissance Technologies LLC raised its stake in shares of The Container Store Group by 21.0% during the second quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 15,300 shares in the last quarter. Zazove Associates LLC raised its stake in shares of The Container Store Group by 72.6% during the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock valued at $536,000 after acquiring an additional 197,831 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of The Container Store Group during the second quarter valued at approximately $165,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of The Container Store Group during the first quarter valued at approximately $490,000. 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.