Tile Shop Hldgs (NASDAQ:TTSH) Trading 1.4% Higher – Time to Buy?

Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shot up 1.4% during mid-day trading on Monday . The stock traded as high as $3.00 and last traded at $2.99. 5,197 shares were traded during trading, a decline of 82% from the average daily volume of 29,066 shares. The stock had previously closed at $2.95.

Wall Street Analyst Weigh In

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

Tile Shop Hldgs Stock Performance

The firm has a market capitalization of $118.31 million, a PE ratio of -74.75 and a beta of 1.08. The company’s fifty day moving average price is $2.90 and its two-hundred day moving average price is $3.35.

Hedge Funds Weigh In On Tile Shop Hldgs

A number of large investors have recently bought and sold shares of TTSH. Vanguard Group Inc. raised its position in shares of Tile Shop Hldgs by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,333,172 shares of the company’s stock worth $8,066,000 after buying an additional 20,901 shares during the period. Nomura Holdings Inc. grew its position in Tile Shop Hldgs by 9.1% during the third quarter. Nomura Holdings Inc. now owns 898,339 shares of the company’s stock valued at $5,435,000 after acquiring an additional 74,898 shares during the period. Geode Capital Management LLC grew its position in Tile Shop Hldgs by 1.8% during the second quarter. Geode Capital Management LLC now owns 616,205 shares of the company’s stock valued at $3,919,000 after acquiring an additional 10,866 shares during the period. First Eagle Investment Management LLC increased its stake in Tile Shop Hldgs by 0.7% during the third 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 during the last quarter. Finally, Cannell Capital LLC increased its stake in Tile Shop Hldgs by 10.9% during the third quarter. Cannell Capital LLC now owns 256,392 shares of the company’s stock worth $1,551,000 after acquiring an additional 25,211 shares during the last quarter. Hedge funds and other institutional investors 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.