Tile Shop Hldgs (NASDAQ:TTSH) Announces Quarterly Earnings Results

Key Points

• Tile Shop Hldgs reported a quarterly earnings of $0.01 per share and generated a revenue of $88.26 million, although it experienced a negative return on equity of 0.02% and a net margin of 0.01%.
• The company's stock increased by $0.15 to reach $6.20, with a market cap of $277.33 million, and a price-to-earnings ratio of 310.00.
• Institutional investors own 36.66% of Tile Shop Hldgs, and Jane Street Group LLC recently acquired a stake of 16,624 shares valued at approximately $108,000.

Tile Shop Hldgs (NASDAQ:TTSH - Get Free Report) posted its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Tile Shop Hldgs had a negative return on equity of 0.02% and a negative net margin of 0.01%. The company had revenue of $88.26 million for the quarter.

Tile Shop Hldgs Stock Performance

Shares of Tile Shop Hldgs stock traded up $0.15 during trading on Friday, reaching $6.20. The company's stock had a trading volume of 53,459 shares, compared to its average volume of 42,896. The business's fifty day moving average price is $6.48 and its 200-day moving average price is $6.48. The firm has a market cap of $277.33 million, a price-to-earnings ratio of 310.00 and a beta of 0.94. Tile Shop Hldgs has a one year low of $4.62 and a one year high of $7.75.

Hedge Funds Weigh In On Tile Shop Hldgs

A hedge fund recently bought a new stake in Tile Shop Hldgs stock. Jane Street Group LLC acquired a new position in Tile Shop Hldgs, Inc. (NASDAQ:TTSH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,624 shares of the company's stock, valued at approximately $108,000. 36.66% of the stock is currently owned by institutional investors.

About Tile Shop Hldgs

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.

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