Economy

Trader Alert: Unusual Volume Spotted in Tile Shop Holdings, Inc. (NASDAQ:TTS)

(NASDAQ:TTS) might see strength given an ABR of 2 or Buy rating. (NASDAQ:TTS). Parametric Port Associates Lc has invested 0% of its portfolio in Tile Shop Hldgs, Inc. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Including today's unusual volume, Tile Shop Holdings, Inc.'s stock is performing at -56.78% on the year.

At the end of 06/30/2017 reporting period, 62 institutional holders increased their position in Tile Shop Holdings, Inc. Skylands Capital Ltd Co stated it has 1.28% in Tile Shop Hldgs, Inc.

On July 19 Citigroup kept the stock rating at "Neutral" but lowered the price target to $17.00 from $19.00. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation. Tile Shop Hldgs now has a consensus rating of Hold and a consensus target price of $11.21. (NASDAQ:TTS). Sentinel Asset Mngmt Incorporated holds 0.34% or 680,872 shares. BNP Paribas Arbitrage SA now owns 6,867 shares of the company's stock worth $132,000 after buying an additional 802 shares during the period. Guggenheim Capital Lc reported 0% in Tile Shop Hldgs, Inc. (TTS)'s RSI (Relative strength index) is at 16.95, its ATR (Average True Range) value is 0.93, while its Beta factor was calculated at 1.8. The firm has a 50-day moving average of $14.64 and a 200-day moving average of $17.93.

While having a peek at profitability ratios Tile Shop Hldgs Cmn (NASDAQ:TTS) has trailing twelve month gross margin at 70%, its trailing twelve month operating margin stands at 10.3% whereas its trailing twelve month net profit margin spots at 6.1%.

EPS Estimate for the next Quarter is 0.11. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $93.20 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Tile Shop Hldgs's revenue for the quarter was up 6.2% compared to the same quarter past year. Alliancebernstein L.P. boosted its holdings in shares of Tile Shop Hldgs by 17.2% during the 2nd quarter. If you are viewing this news story on another domain, it was copied illegally and republished in violation of global copyright and trademark legislation. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and global copyright and trademark law.

Telsey Advisory Group has given Tile Shop Holdings (NASDAQ:TTS) shares a new "Underperform" rating in a note sent to investors on 3 October.

In other news, Director Robert A. Rucker sold 100,000 shares of the company's stock in a transaction on Monday, July 17th. The Average Volume of the company is 665.37 Million, while the Volume of the company in the last trading session was 15.68 Billion. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. The disclosure for this purchase can be found here. Insiders acquired 259,454 shares of company stock valued at $3,710,115 in the last quarter.

07/29/2014 - Tile Shop Hldgs, Inc. had its "outperform" rating reiterated by analysts at Credit Suisse. Thrivent For Lutherans invested 0% in Tile Shop Hldgs, Inc. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in Tile Shop Hldgs by 16.6% in the second quarter. The shares were bought at an average cost of $14.43 per share, with a total value of $2,294,370.00. (NASDAQ:TTS). 60,418 are owned by Legal And General Group Pcl. Goldman Sachs Group Inc. now owns 351,640 shares of the company's stock worth $6,769,000 after acquiring an additional 263,745 shares in the last quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. It is positive, as 12 investors sold Tile Shop Hldgs, Inc. shares while 46 reduced holdings. It offers approximately 4,000 products, including ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.



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