Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Down 3.5% - Here's Why

Key Points

• Shares fell 3.5% to $3.03 on Monday, with only 2,225 shares traded—about 95% below the stock's average daily volume of 47,074.
• Analysts have turned negative: Weiss Ratings reiterated a Sell (D), Wall Street Zen cut the stock to Sell, and MarketBeat shows an average rating of "Sell".
• The company has a market cap of $120.66 million and a negative PE of -75.75; its 50‑day moving average ($3.35) sits below the 200‑day ($4.85), and roughly 36.7% of shares are held by institutions.

Tile Shop Hldgs, Inc. (NASDAQ:TTSH - Get Free Report)'s share price fell 3.5% on Monday . The company traded as low as $3.03 and last traded at $3.03. 2,225 shares were traded during trading, a decline of 95% from the average session volume of 47,074 shares. The stock had previously closed at $3.14.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings restated a "sell (d)" rating on shares of Tile Shop Hldgs in a report on Monday, December 29th. Wall Street Zen lowered shares of Tile Shop Hldgs from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Tile Shop Hldgs Stock Performance

The firm has a market capitalization of $120.66 million, a PE ratio of -75.75 and a beta of 1.18. The business's 50 day moving average is $3.35 and its two-hundred day moving average is $4.85.

Institutional Investors Weigh In On Tile Shop Hldgs

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Tile Shop Hldgs by 64.8% in the third quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company's stock valued at $33,000 after acquiring an additional 2,170 shares during the period. Invesco Ltd. increased its holdings in Tile Shop Hldgs by 14.8% during the 2nd quarter. Invesco Ltd. now owns 15,528 shares of the company's stock worth $99,000 after acquiring an additional 2,006 shares during the period. Jane Street Group LLC bought a new stake in Tile Shop Hldgs during the 1st quarter worth approximately $108,000. FNY Investment Advisers LLC purchased a new stake in Tile Shop Hldgs in the 4th quarter worth approximately $94,000. Finally, JPMorgan Chase & Co. lifted its stake in Tile Shop Hldgs by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company's stock worth $216,000 after purchasing an additional 6,756 shares in the last quarter. 36.66% of the stock is owned by hedge funds and other institutional investors.

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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