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

Wall Street Zen cut shares of Tile Shop Hldgs (NASDAQ:TTSH) from a hold rating to a sell rating in a research note published on Saturday morning.

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, According to MarketBeat, the company has a consensus rating of “Sell”.

Tile Shop Hldgs Stock Performance

TTSH stock opened at $3.22 on Friday. The company’s 50 day moving average price is $3.54 and its 200 day moving average price is $5.19. The firm has a market capitalization of $143.98 million, a price-to-earnings ratio of -80.50 and a beta of 1.18. Tile Shop Hldgs has a fifty-two week low of $2.96 and a fifty-two week high of $7.45.

Hedge Funds Weigh In On Tile Shop Hldgs

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in Tile Shop Hldgs by 64.8% during the third quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company’s stock worth $33,000 after purchasing an additional 2,170 shares in the last quarter. Invesco Ltd. boosted its position in shares of Tile Shop Hldgs by 14.8% in 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 during the period. Jane Street Group LLC acquired a new stake in shares of Tile Shop Hldgs in the first quarter valued at approximately $108,000. FNY Investment Advisers LLC acquired a new stake in Tile Shop Hldgs during the 4th quarter worth $94,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 6,756 shares during the last quarter. 36.66% of the stock is currently 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.