Tile Shop Hldgs (NASDAQ:TTSH) Shares Down 0.8% - Here's What Happened

Key Points

• Tile Shop Hldgs shares decreased by 0.8% to $6.30, with trading volume down 43% compared to the average.
• Analysts have rated the stock a sell (d+), and the consensus rating remains as sell.
• Tile Shop Hldgs reported earnings of $0.01 per share and revenue of $88.26 million for the last quarter, with negative margins and returns on equity.

Tile Shop Hldgs, Inc. (NASDAQ:TTSH - Get Free Report)'s share price was down 0.8% during mid-day trading on Thursday . The stock traded as low as $6.17 and last traded at $6.30. Approximately 101,169 shares were traded during trading, a decline of 43% from the average daily volume of 177,585 shares. The stock had previously closed at $6.35.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Tile Shop Hldgs in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Tile Shop Hldgs Stock Performance

The business's 50 day simple moving average is $6.23 and its 200-day simple moving average is $6.20.

Tile Shop Hldgs (NASDAQ:TTSH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $88.26 million for the quarter. Tile Shop Hldgs had a negative return on equity of 0.02% and a negative net margin of 0.01%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fund 1 Investments LLC raised its stake in shares of Tile Shop Hldgs by 1.2% during the second quarter. Fund 1 Investments LLC now owns 12,859,012 shares of the company's stock valued at $81,783,000 after purchasing an additional 146,451 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Tile Shop Hldgs during the 2nd quarter valued at about $5,237,000. Geode Capital Management LLC increased its stake in Tile Shop Hldgs by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 616,205 shares of the company's stock valued at $3,919,000 after buying an additional 10,866 shares during the period. American Century Companies Inc. raised its position in shares of Tile Shop Hldgs by 1.6% during the 1st quarter. American Century Companies Inc. now owns 302,476 shares of the company's stock worth $1,960,000 after buying an additional 4,842 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Tile Shop Hldgs by 2.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 292,162 shares of the company's stock worth $1,858,000 after acquiring an additional 6,805 shares during the period. 36.66% of the stock is owned by institutional investors and hedge funds.

Tile Shop Hldgs Company Profile

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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