Tile Shop Hldgs (NASDAQ:TTSH) Shares Down 4.2% – Time to Sell?

Tile Shop Hldgs, Inc. (NASDAQ:TTSH)’s share price was down 4.2% on Wednesday . The stock traded as low as $3.45 and last traded at $3.45. Approximately 19,370 shares traded hands during trading, a decline of 82% from the average daily volume of 110,587 shares. The stock had previously closed at $3.60.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tile Shop Hldgs in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Tile Shop Hldgs Trading Down 4.2%

The firm has a market cap of $154.27 million, a price-to-earnings ratio of -86.25 and a beta of 1.17. The stock’s fifty day moving average price is $4.77 and its 200-day moving average price is $5.77.

Tile Shop Hldgs (NASDAQ:TTSH) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.04) earnings per share for the quarter. Tile Shop Hldgs had a negative return on equity of 1.36% and a negative net margin of 0.50%.The business had revenue of $83.06 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Nomura Holdings Inc. acquired a new stake in shares of Tile Shop Hldgs during the second quarter valued at about $5,237,000. Fund 1 Investments LLC increased its holdings in Tile Shop Hldgs by 1.2% in the 2nd 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 during the last quarter. FNY Investment Advisers LLC purchased a new stake in Tile Shop Hldgs in the fourth quarter valued at approximately $94,000. Cannell Capital LLC lifted its stake in Tile Shop Hldgs by 10.9% during the third quarter. Cannell Capital LLC now owns 256,392 shares of the company’s stock worth $1,551,000 after purchasing an additional 25,211 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Tile Shop Hldgs by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,333,172 shares of the company’s stock worth $8,066,000 after buying an additional 20,901 shares during the period. Institutional investors and hedge funds own 36.66% of the company’s stock.

About Tile Shop Hldgs

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.