Wall Street Zen Downgrades Tile Shop Hldgs (NASDAQ:TTSH) to Sell

Tile Shop Hldgs (NASDAQ:TTSH) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Tile Shop Hldgs Price Performance

Shares of NASDAQ TTSH opened at $3.34 on Friday. Tile Shop Hldgs has a 1-year low of $2.96 and a 1-year high of $7.45. The company has a market capitalization of $149.23 million, a price-to-earnings ratio of -83.43 and a beta of 1.18. The business has a 50-day moving average of $3.54 and a 200-day moving average of $5.21.

Institutional Trading of Tile Shop Hldgs

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake 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 worth $33,000 after acquiring an additional 2,170 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Tile Shop Hldgs during the 4th quarter valued at approximately $94,000. Invesco Ltd. grew its stake in Tile Shop Hldgs by 14.8% during the 2nd quarter. Invesco Ltd. now owns 15,528 shares of the company’s stock valued at $99,000 after purchasing an additional 2,006 shares in the last quarter. Jane Street Group LLC purchased a new stake in Tile Shop Hldgs during the 1st quarter worth approximately $108,000. Finally, JPMorgan Chase & Co. increased its holdings in Tile Shop Hldgs by 23.4% during 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 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.