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

Tile Shop Hldgs (NASDAQ:TTSH) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Tile Shop Hldgs Price Performance

Shares of TTSH stock opened at $3.34 on Friday. Tile Shop Hldgs has a 12 month low of $2.96 and a 12 month high of $7.45. The firm has a market capitalization of $149.23 million, a P/E ratio of -83.43 and a beta of 1.18. The company’s fifty day moving average price is $3.54 and its two-hundred day moving average price is $5.22.

Institutional Trading of Tile Shop Hldgs

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in 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 in the last quarter. Invesco Ltd. grew 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of Tile Shop Hldgs in the 1st quarter worth about $108,000. FNY Investment Advisers LLC bought a new stake in shares of Tile Shop Hldgs in the 4th quarter worth about $94,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Tile Shop Hldgs by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock valued at $216,000 after purchasing an additional 6,756 shares in the last quarter. Institutional investors 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.