Tile Shop Hldgs (NASDAQ:TTSH) Shares Up 1.1% – Should You Buy?

Tile Shop Hldgs, Inc. (NASDAQ:TTSH)’s share price rose 1.1% during mid-day trading on Friday . The stock traded as high as $2.99 and last traded at $2.88. Approximately 646 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 31,719 shares. The stock had previously closed at $2.85.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Tile Shop Hldgs Stock Up 1.1%

The company has a 50 day moving average price of $2.93 and a 200-day moving average price of $3.75. The company has a market cap of $113.96 million, a price-to-earnings ratio of -72.00 and a beta of 1.08.

Institutional Trading of Tile Shop Hldgs

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in 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 during the period. Invesco Ltd. increased 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 period. Jane Street Group LLC acquired a new stake in Tile Shop Hldgs during the 1st quarter valued at approximately $108,000. FNY Investment Advisers LLC acquired a new stake in Tile Shop Hldgs during the 4th quarter valued at approximately $94,000. Finally, JPMorgan Chase & Co. increased its position in Tile Shop Hldgs by 23.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock valued at $216,000 after purchasing an additional 6,756 shares during the period. Institutional investors and hedge funds own 36.66% of the company’s stock.

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.