Tile Shop Hldgs (NASDAQ:TTSH) Shares Up 2.5% – What’s Next?

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares shot up 2.5% on Thursday . The company traded as high as $3.85 and last traded at $3.63. 29,389 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 72,566 shares. The stock had previously closed at $3.54.

Wall Street Analysts Forecast Growth

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

Tile Shop Hldgs Price Performance

The stock’s 50-day moving average price is $3.82 and its 200 day moving average price is $5.43. The firm has a market capitalization of $162.32 million, a PE ratio of -90.75 and a beta of 1.22.

Institutional Investors Weigh In On Tile Shop Hldgs

Hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in Tile Shop Hldgs during the second quarter worth about $5,237,000. Fund 1 Investments LLC raised its position in shares of Tile Shop Hldgs by 1.2% during the 2nd quarter. Fund 1 Investments LLC now owns 12,859,012 shares of the company’s stock valued at $81,783,000 after buying an additional 146,451 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in 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 valued at $1,858,000 after acquiring an additional 6,805 shares during the last quarter. 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 worth $3,919,000 after acquiring an additional 10,866 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Tile Shop Hldgs by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock worth $216,000 after acquiring an additional 6,756 shares during 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.