Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Up 0.7% – Time to Buy?

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares rose 0.7% on Friday . The stock traded as high as $2.78 and last traded at $2.78. Approximately 851 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 35,185 shares. The stock had previously closed at $2.76.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tile Shop Hldgs has a consensus rating of “Sell”.

Tile Shop Hldgs Stock Performance

The company has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $4.11. The company has a market capitalization of $110.00 million, a price-to-earnings ratio of -69.50 and a beta of 1.08.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TTSH. Jane Street Group LLC purchased a new position in shares of Tile Shop Hldgs in the 1st quarter worth $108,000. Geode Capital Management LLC raised its position in shares of Tile Shop Hldgs by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 616,205 shares of the company’s stock worth $3,919,000 after buying an additional 10,866 shares during the period. Invesco Ltd. raised 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 worth $99,000 after buying an additional 2,006 shares during the period. JPMorgan Chase & Co. raised its position 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 worth $216,000 after buying an additional 6,756 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Tile Shop Hldgs by 1.6% in the 3rd 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. 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.