Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Down 4.2% – What’s Next?

Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTSH) dropped 4.2% during mid-day trading on Wednesday . The stock traded as low as $3.45 and last traded at $3.45. Approximately 19,370 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 110,587 shares. The stock had previously closed at $3.60.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tile Shop Hldgs in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tile Shop Hldgs presently has a consensus rating of “Sell”.

Tile Shop Hldgs Price Performance

The firm has a market capitalization of $154.27 million, a price-to-earnings ratio of -86.25 and a beta of 1.17. The firm has a 50 day moving average price of $4.77 and a 200-day moving average price of $5.77.

Tile Shop Hldgs (NASDAQ:TTSH) last released its earnings results on Tuesday, November 4th. The company reported ($0.04) EPS for the quarter. The company had revenue of $83.06 million for the quarter. Tile Shop Hldgs had a negative return on equity of 1.36% and a negative net margin of 0.50%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its holdings in Tile Shop Hldgs by 0.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 297,172 shares of the company’s stock worth $1,798,000 after acquiring an additional 2,000 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tile Shop Hldgs by 14.8% during the 2nd quarter. Invesco Ltd. now owns 15,528 shares of the company’s stock worth $99,000 after purchasing an additional 2,006 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Tile Shop Hldgs by 64.8% during the third quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company’s stock worth $33,000 after purchasing an additional 2,170 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Tile Shop Hldgs by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock valued at $216,000 after buying an additional 6,756 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Tile Shop Hldgs by 2.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 292,162 shares of the company’s stock valued at $1,858,000 after buying an additional 6,805 shares in the last quarter. Hedge funds and other institutional investors own 36.66% of the company’s stock.

About Tile Shop Hldgs

Tile Shop Holdings, Inc is a specialty retailer focused on the sale of ceramic, porcelain, glass and natural stone tile, as well as related installation materials and countertop surfaces. Through its network of retail stores and online platform, the company offers an extensive selection of field tile, mosaics, decos, trim, thin porcelain panels and full-slab natural stone products. Tile Shop also stocks a range of installation accessories, including grouts, mortars, tools and maintenance supplies, enabling a one-stop solution for both residential and commercial projects.

Founded in 1984 and headquartered in Plymouth, Minnesota, Tile Shop went public in 2012 and trades on the NASDAQ under the ticker TTSH.