Tile Shop Hldgs (NASDAQ:TTSH) Shares Down 3.5% – Here’s Why

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares were down 3.5% during trading on Monday . The company traded as low as $3.03 and last traded at $3.03. Approximately 2,225 shares traded hands during trading, a decline of 95% from the average daily volume of 47,074 shares. The stock had previously closed at $3.14.

Analyst Ratings Changes

Several research firms have recently weighed in on TTSH. Wall Street Zen cut shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings restated a “sell (d)” rating on shares of Tile Shop Hldgs in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Tile Shop Hldgs Price Performance

The firm’s 50 day simple moving average is $3.35 and its 200 day simple moving average is $4.85. The stock has a market capitalization of $120.66 million, a PE ratio of -75.75 and a beta of 1.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of Tile Shop Hldgs by 64.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company’s stock valued at $33,000 after purchasing an additional 2,170 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Tile Shop Hldgs during the fourth quarter valued at $94,000. Invesco Ltd. grew its position in Tile Shop Hldgs by 14.8% during the 2nd quarter. Invesco Ltd. now owns 15,528 shares of the company’s stock valued at $99,000 after purchasing an additional 2,006 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Tile Shop Hldgs during the first quarter valued at approximately $108,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Tile Shop Hldgs by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock worth $216,000 after acquiring an additional 6,756 shares during the period. 36.66% of the stock is owned by hedge funds and other institutional investors.

Tile Shop Hldgs Company Profile

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.