Tile Shop Hldgs (NASDAQ:TTSH) Posts Earnings Results

Tile Shop Hldgs (NASDAQ:TTSH) posted its quarterly earnings data on Tuesday. The company reported ($0.04) EPS 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 Price Performance

Shares of TTSH stock traded up $0.06 on Tuesday, hitting $6.30. The stock had a trading volume of 304,532 shares, compared to its average volume of 82,488. Tile Shop Hldgs has a 1 year low of $4.62 and a 1 year high of $7.75. The company’s 50 day moving average price is $6.26 and its 200-day moving average price is $6.24.

Institutional Investors Weigh In On Tile Shop Hldgs

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings 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 valued at $3,919,000 after buying an additional 10,866 shares during the period. Jane Street Group LLC purchased a new stake in shares of Tile Shop Hldgs in the 1st quarter valued at $108,000. Finally, Invesco Ltd. raised its holdings 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 buying an additional 2,006 shares during the period. Hedge funds and other institutional investors own 36.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tile Shop Hldgs in a research 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”.

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.