Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Up 1.4% – Still a Buy?

Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTSH) rose 1.4% on Monday . The company traded as high as $3.00 and last traded at $2.99. 5,197 shares traded hands during trading, a decline of 82% from the average daily volume of 29,066 shares. The stock had previously closed at $2.95.

Analyst Ratings Changes

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

Tile Shop Hldgs Price Performance

The firm has a market cap of $118.71 million, a PE ratio of -75.00 and a beta of 1.08. The business has a 50-day moving average price of $2.90 and a two-hundred day moving average price of $3.32.

Hedge Funds Weigh In On Tile Shop Hldgs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTSH. First Eagle Investment Management LLC increased its stake in shares of Tile Shop Hldgs by 0.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 297,172 shares of the company’s stock worth $1,798,000 after purchasing an additional 2,000 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tile Shop Hldgs by 14.8% in the second quarter. Invesco Ltd. now owns 15,528 shares of the company’s stock valued at $99,000 after acquiring an additional 2,006 shares in the last quarter. BNP Paribas Financial Markets increased its position in Tile Shop Hldgs by 64.8% during the 3rd 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. JPMorgan Chase & Co. raised its stake in 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 during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Tile Shop Hldgs by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 616,205 shares of the company’s stock valued at $3,919,000 after purchasing an additional 10,866 shares in the last quarter. Institutional investors and hedge funds own 36.66% of the company’s stock.

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.