Tile Shop Holdings, Inc. (TTS) Stock Formed Multiple Bottom Chart Pattern. What To Expect?

February 15, 2018 - By Michael Collier

Investors sentiment increased to 1.8 in 2017 Q3. 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.
Millennium Management Limited Liability owns 883,570 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,188 shares. Ls Investment Advsrs Limited Liability Corporation holds 5,004 shares or 0% of its portfolio. Ameritas Invest has 2,986 shares for 0% of their portfolio. American Intl Gru invested in 30,585 shares or 0% of the stock. Dimensional Fund Advsr L P, Texas-based fund reported 849,151 shares. Parametric Assoc Ltd Limited Liability Company stated it has 0% in Tile Shop Holdings, Inc. (NASDAQ:TTS). Balyasny Asset Mngmt Ltd Com owns 0% invested in Tile Shop Holdings, Inc. (NASDAQ:TTS) for 41,800 shares. Cubist Systematic Strategies Ltd stated it has 0% of its portfolio in Tile Shop Holdings, Inc. (NASDAQ:TTS). Royal State Bank Of Canada holds 0% or 3,649 shares in its portfolio. Gsa Cap Prtn Ltd Liability Partnership accumulated 0.08% or 97,518 shares. First Advsr L P holds 0% or 55,512 shares in its portfolio. Parkside Fincl Bank And Tru holds 192 shares. The Ontario – Canada-based Manufacturers Life Ins Company The has invested 0% in Tile Shop Holdings, Inc. (NASDAQ:TTS). Deutsche Comml Bank Ag holds 0% or 74,085 shares.

Since December 14, 2017, it had 1 insider buy, and 0 selling transactions 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. As per Tuesday, July 18, the company rating was maintained by Piper Jaffray. The firm has “Hold” rating given on Monday, October 2 by Robert W. Baird. The company was downgraded on Wednesday, September 27 by PiperJaffray. As per Wednesday, October 18, the company rating was maintained by Citigroup. The firm has “Hold” rating given on Friday, October 13 by Loop Capital. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 19. The stock of Tile Shop Holdings, Inc. (NASDAQ:TTS) earned “Neutral” rating by Citigroup on Tuesday, August 23. The rating was maintained by Stifel Nicolaus on Wednesday, October 4 with “Hold”. The rating was maintained by Stifel Nicolaus on Tuesday, July 18 with “Hold”. As per Tuesday, September 22, the company rating was upgraded by Zacks.

More notable recent Tile Shop Holdings, Inc. (NASDAQ:TTS) news were published by: Nasdaq.com which released: “Tile Shop Hldgs, Inc. (TTS) Ex-Dividend Date Scheduled for October 30, 2017” on October 27, 2017, also Nasdaq.com with their article: “Tile Shop Hldgs, Inc. (TTS) Ex-Dividend Date Scheduled for April 28, 2017” published on April 27, 2017, Fool.com published: “Tile Shop Hldgs, Inc. Delivers Double-Digit Growth Again, but Is There a …” on July 19, 2016. 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 Nasdaq.com‘s news article titled: “Tile Shop Holdings (TTS) in Focus: Stock Moves 8% Higher” with publication date: October 24, 2017.

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