Tile Shop Holdings, Inc. (TTS) filed 8-K

Tile Shop Holdings, Inc. (NASDAQ:TTS) Logo

Tile Shop Holdings, Inc. revealed 8-K form on Thu, August 15.

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 13, 2019, Kirk Geadelmann, the current Chief Financial Officer of Tile Shop Holdings, Inc. (the ‘Company’), notified the Company that, for personal reasons, he intends to resign as Chief Financial Officer. The Company has commenced a search for a replacement and Mr. Geadelmann will remain as Chief Financial Officer for an appropriate time in order to facilitate a transition. The Company has added some additional finance resources that will support the transition.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The stock decreased 8.59% or $0.22 during the last trading session, reaching $2.34. About 439,734 shares traded. Tile Shop Holdings, Inc. (NASDAQ:TTS) has declined 68.98% since August 16, 2018 and is downtrending. It has underperformed by 68.98% the S&P500.

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 has market cap of $119.14 million. It offers approximately 6,000 products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands. It has a 46.8 P/E ratio. The firm also makes setting and maintenance materials, such as thinset, grout, sealers, and accessories, including installation tools, shower and bath shelves, drains, and similar products under the Superior brand name.

Investors sentiment decreased to 1.2 in 2019 Q1. Its down 0.09, from 1.29 in 2018Q4. It dropped, as 14 investors sold Tile Shop Holdings, Inc. shares while 35 reduced holdings. 16 funds opened positions while 43 raised stakes. 31.72 million shares or 0.26% more from 31.64 million shares in 2018Q4 were reported.
Perkins Cap Mngmt holds 263,600 shares or 0.98% of its portfolio. Bnp Paribas Arbitrage Sa invested in 0% or 8,529 shares. Arizona State Retirement System, a Arizona-based fund reported 60,413 shares. Principal Fincl Grp Inc Inc holds 314,702 shares. Northrock Partners Ltd Liability reported 0.08% stake. Northern Trust holds 0% or 481,851 shares. Diversified Strategies Ltd Liability Corp reported 221,275 shares. Alliancebernstein L P holds 0% or 10,130 shares. Blackrock Inc accumulated 6.43M shares or 0% of the stock. Oregon Public Employees Retirement Fund stated it has 15,122 shares or 0% of all its holdings. Barclays Public Ltd Co reported 26,981 shares. Dimensional Fund Advsrs Lp owns 2.41 million shares. Mairs Power Inc holds 0.06% or 941,765 shares. Ls Inv Advsr Ltd Liability Corporation owns 1,229 shares or 0% of their US portfolio. Moreover, Hl Fin Svcs Limited Com has 0% invested in Tile Shop Holdings, Inc. (NASDAQ:TTS).

Since February 21, 2019, it had 10 insider buys, and 0 selling transactions for $2.10 million activity. $90,420 worth of Tile Shop Holdings, Inc. (NASDAQ:TTS) was bought by KAMIN PETER H on Monday, June 10.

Tile Shop Holdings, Inc. (NASDAQ:TTS) Ratings Coverage

Among 3 analysts covering Tile Shop (NASDAQ:TTS), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Tile Shop has $7.5 highest and $500 lowest target. $6.50’s average target is 177.78% above currents $2.34 stock price. Tile Shop had 6 analyst reports since February 19, 2019 according to SRatingsIntel. The company was maintained on Tuesday, February 19 by Piper Jaffray. The stock of Tile Shop Holdings, Inc. (NASDAQ:TTS) earned “Hold” rating by Loop Capital Markets on Tuesday, February 19. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, February 19.

More notable recent Tile Shop Holdings, Inc. (NASDAQ:TTS) news were published by: Finance.Yahoo.com which released: “These 4 Measures Indicate That Tile Shop Holdings (NASDAQ:TTS) Is Using Debt In A Risky Way – Yahoo Finance” on August 12, 2019, also Finance.Yahoo.com with their article: “How Does Investing In Tile Shop Holdings, Inc. (NASDAQ:TTS) Impact The Volatility Of Your Portfolio? – Yahoo Finance” published on July 25, 2019, Nasdaq.com published: “Here’s Why Tile Shop Stock Is Surging Higher Today – Nasdaq” on August 13, 2019. More interesting news about Tile Shop Holdings, Inc. (NASDAQ:TTS) were released by: Nasdaq.com and their article: “Tile Shop Holdings (TTS) Reports Break-Even Earnings for Q2 – Nasdaq” published on July 23, 2019 as well as Globenewswire.com‘s news article titled: “TTS Group ASA: Change of company name to Nekkar ASA – GlobeNewswire” with publication date: July 31, 2019.

Tile Shop Holdings, Inc. (NASDAQ:TTS) Institutional Positions Chart

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