Could Tile Shop Holdings, Inc. (TTS) See a Reversal After Having Formed Several Months Multiple Bottom

February 15, 2018 - By Michael Collier

Investors sentiment increased to 1.8 in Q3 2017. Its up 0.71, from 1.09 in 2017Q2. It improved, as 24 investors sold Tile Shop Holdings, Inc. shares while 25 reduced holdings. 33 funds opened positions while 55 raised stakes. 34.78 million shares or 1.96% less from 35.48 million shares in 2017Q2 were reported.
Huntington Bancorp accumulated 0% or 975 shares. Pnc Fincl Services Grp Incorporated reported 9,578 shares. Schwab Charles Investment Mngmt accumulated 163,618 shares or 0% of the stock. Federated Investors Inc Pa invested in 0% or 1,653 shares. Arizona State Retirement Systems owns 17,800 shares for 0% of their portfolio. Stoneridge Prtnrs Lc reported 0.04% of its portfolio in Tile Shop Holdings, Inc. (NASDAQ:TTS). Credit Suisse Ag invested in 0% or 58,588 shares. Emerald Advisers Pa owns 838,699 shares for 0.43% of their portfolio. Peak6 L P holds 0% or 10,893 shares in its portfolio. State Common Retirement Fund has invested 0% in Tile Shop Holdings, Inc. (NASDAQ:TTS). Sentinel Asset Incorporated has 0.32% invested in Tile Shop Holdings, Inc. (NASDAQ:TTS) for 1.06M shares. Vanguard Gru, a Pennsylvania-based fund reported 3.05 million shares. Northern Trust reported 571,776 shares stake. Goldman Sachs Incorporated reported 437,395 shares. Armistice Capital Limited Liability Corporation holds 0.95% or 632,000 shares in its portfolio.

Since December 14, 2017, it had 1 insider purchase, and 0 insider sales for $90,100 activity.

The stock of Tile Shop Holdings, Inc. (TTS) shows a multiple bottoms pattern with $7.86 target or 7.00 % below today’s $8.45 share price. The 6 months chart pattern indicates high risk for the $440.74M company. It was reported on Feb, 15 by Finviz.com. If the $7.86 price target is reached, the company will be worth $30.85M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 2.42% or $0.2 during the last trading session, reaching $8.45. About 245,928 shares traded. Tile Shop Holdings, Inc. (NASDAQ:TTS) has risen 18.58% since February 15, 2017 and is uptrending. It has outperformed by 1.88% the S&P500.

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

Among 10 analysts covering Tile Shop Hldgs (NASDAQ:TTS), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 20% are positive. Tile Shop Hldgs has $20 highest and $9 lowest target. $13.07’s average target is 54.67% above currents $8.45 stock price. Tile Shop Hldgs had 20 analyst reports since August 22, 2015 according to SRatingsIntel. The stock of Tile Shop Holdings, Inc. (NASDAQ:TTS) earned “Buy” rating by Piper Jaffray on Tuesday, July 18. Robert W. Baird maintained the shares of TTS in report on Monday, October 2 with “Hold” rating. On Tuesday, September 22 the stock rating was upgraded by Zacks to “Hold”. Citigroup maintained it with “Neutral” rating and $9 target in Wednesday, October 18 report. PiperJaffray downgraded the stock to “Neutral” rating in Wednesday, September 27 report. Northland Capital initiated Tile Shop Holdings, Inc. (NASDAQ:TTS) on Wednesday, April 6 with “Outperform” rating. The firm has “Hold” rating given on Tuesday, July 18 by Stifel Nicolaus. The stock of Tile Shop Holdings, Inc. (NASDAQ:TTS) earned “Neutral” rating by Citigroup on Wednesday, July 19. The stock of Tile Shop Holdings, Inc. (NASDAQ:TTS) earned “Sell” rating by Zacks on Saturday, August 22. Loop Capital Markets initiated it with “Hold” rating and $1500 target in Wednesday, July 19 report.

More notable recent Tile Shop Holdings, Inc. (NASDAQ:TTS) news were published by: Fool.com which released: “The tile retail specialist released its preliminary third-quarter results …” on October 03, 2017, also Nasdaq.com with their article: “Tile Shop Holdings (TTS) in Focus: Stock Moves 8% Higher” published on October 24, 2017, Nasdaq.com published: “Tile Shop Hldgs, Inc. (TTS) Ex-Dividend Date Scheduled for April 28, 2017” on April 27, 2017. More interesting news about Tile Shop Holdings, Inc. (NASDAQ:TTS) were released by: Benzinga.com and their article: “Tile Shop Stock Still Carries A High Multiple, Analyst Says” published on October 03, 2017 as well as Fool.com‘s news article titled: “Tile Shop Hldgs, Inc. Delivers Double-Digit Growth Again, but Is There a …” with publication date: July 19, 2016.

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