Tile Shop Hldgs (NASDAQ:TTSH) Announces Quarterly Earnings Results

Tile Shop Hldgs (NASDAQ:TTSH) posted its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, Zacks reports. Tile Shop Hldgs had a negative net margin of 0.01% and a negative return on equity of 0.02%.

Tile Shop Hldgs Trading Up 1.0%

Shares of Tile Shop Hldgs stock opened at $6.30 on Wednesday. Tile Shop Hldgs has a 52 week low of $4.62 and a 52 week high of $7.75. The firm has a fifty day moving average of $6.26 and a two-hundred day moving average of $6.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Tile Shop Hldgs in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of Tile Shop Hldgs by 1.8% during 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of Tile Shop Hldgs during the first quarter worth about $108,000. Finally, Invesco Ltd. grew its stake in shares of 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. 36.66% of the stock is owned by institutional investors and hedge funds.

About Tile Shop Hldgs

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.