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

Tile Shop Hldgs (NASDAQ:TTSH) posted its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $83.06 million during the quarter. Tile Shop Hldgs had a negative net margin of 0.50% and a negative return on equity of 1.36%.

Tile Shop Hldgs Stock Up 1.1%

Shares of TTSH opened at $6.37 on Thursday. The firm has a 50-day moving average price of $6.25 and a 200 day moving average price of $6.25. The firm has a market capitalization of $284.87 million, a PE ratio of -159.25 and a beta of 1.06. Tile Shop Hldgs has a 52-week low of $4.62 and a 52-week high of $7.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tile Shop Hldgs in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Tile Shop Hldgs

Institutional investors and hedge funds have recently bought and sold shares of the business. 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 acquiring an additional 10,866 shares during the last quarter. Jane Street Group LLC acquired a new stake in Tile Shop Hldgs in the 1st quarter valued at about $108,000. Finally, Invesco Ltd. lifted its holdings in 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 acquiring an additional 2,006 shares during the last quarter. 36.66% of the stock is owned by institutional investors and hedge funds.

Tile Shop Hldgs Company Profile

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.