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

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

The Container Store Group Price Performance

Shares of The Container Store Group stock traded down $0.17 during trading on Wednesday, reaching $3.44. 101,907 shares of the stock traded hands, compared to its average volume of 74,856. The firm has a market cap of $11.87 million, a P/E ratio of -0.12 and a beta of 1.08. The firm’s fifty day moving average price is $8.10. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.29 and a quick ratio of 0.57. The Container Store Group has a 52-week low of $3.32 and a 52-week high of $37.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TCS. Jacobs Levy Equity Management Inc. purchased a new position in The Container Store Group in the first quarter worth about $490,000. Assenagon Asset Management S.A. purchased a new position in The Container Store Group in the second quarter worth about $165,000. Zazove Associates LLC grew its position in The Container Store Group by 72.6% in the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock worth $536,000 after acquiring an additional 197,831 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in The Container Store Group by 21.0% in the second quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 15,300 shares in the last 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.