Tile Shop Hldgs' (TTSH) "Sell (D+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Tile Shop Holdings (TTSH) has had its "sell (D+)" rating reaffirmed by Weiss Ratings, indicating ongoing concerns about the company's stock performance.
• As of the latest trading session, TTSH stock is down by 0.2%, with a current price of $6.28, while its 52-week range fluctuates between $4.62 and $7.75.
• Institutional investors and hedge funds collectively own 36.66% of Tile Shop Holdings, with notable increases in stakes from firms such as Nomura Holdings and Invesco Ltd.

Tile Shop Hldgs (NASDAQ:TTSH - Get Free Report)'s stock had its "sell (d+)" rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Tile Shop Hldgs Stock Down 0.2%

Shares of TTSH stock traded down $0.01 during trading on Wednesday, hitting $6.28. 590,414 shares of the stock traded hands, compared to its average volume of 78,814. The firm's fifty day moving average price is $6.25 and its 200-day moving average price is $6.22. Tile Shop Hldgs has a 52-week low of $4.62 and a 52-week high of $7.75.

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

Institutional Trading of Tile Shop Hldgs

Several institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new stake in Tile Shop Hldgs in the 2nd quarter valued at approximately $5,237,000. Fund 1 Investments LLC grew its stake 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 acquiring an additional 146,451 shares in the last quarter. Invesco Ltd. grew its stake in shares of Tile Shop Hldgs by 14.8% in the second quarter. Invesco Ltd. now owns 15,528 shares of the company's stock worth $99,000 after acquiring an additional 2,006 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Tile Shop Hldgs by 2.4% in the second 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Tile Shop Hldgs by 1.8% in the second quarter. Geode Capital Management LLC now owns 616,205 shares of the company's stock worth $3,919,000 after acquiring an additional 10,866 shares in the last quarter. Institutional investors and hedge funds own 36.66% of the company's stock.

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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