Tile Shop Hldgs (NASDAQ:TTSH) Lowered to Sell Rating by Wall Street Zen

Key Points

• Tile Shop Hldgs was downgraded by Wall Street Zen from "hold" to "sell" and Weiss Ratings also reaffirmed a "sell," leaving the stock with a consensus Sell rating.
• TTSH shares opened at $3.34 and traded down about 4.6%, with a market cap of $149.2 million and a negative trailing P/E of -83.43, signaling weak valuation and recent downward pressure.
• Institutional investors own roughly 36.66% of the company; Fund 1 Investments holds a large position (about 12.86 million shares) while several other funds modestly increased their stakes.

Tile Shop Hldgs (NASDAQ:TTSH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Separately, Weiss Ratings reissued 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, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Tile Shop Hldgs Trading Down 4.6%

TTSH stock opened at $3.34 on Friday. The company has a market cap of $149.23 million, a PE ratio of -83.43 and a beta of 1.18. The stock has a 50-day moving average price of $3.54 and a two-hundred day moving average price of $5.22. Tile Shop Hldgs has a 12-month low of $2.96 and a 12-month high of $7.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTSH. Fund 1 Investments LLC boosted its position in shares of Tile Shop Hldgs by 1.2% in the second quarter. Fund 1 Investments LLC now owns 12,859,012 shares of the company's stock worth $81,783,000 after buying an additional 146,451 shares during the period. Vanguard Group Inc. lifted its position in Tile Shop Hldgs by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,333,172 shares of the company's stock worth $8,066,000 after acquiring an additional 20,901 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in Tile Shop Hldgs by 9.1% in the 3rd quarter. Nomura Holdings Inc. now owns 898,339 shares of the company's stock worth $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% in 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 in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Tile Shop Hldgs by 0.7% in the third quarter. First Eagle Investment Management LLC now owns 297,172 shares of the company's stock valued at $1,798,000 after acquiring an additional 2,000 shares in the last quarter. 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.

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