Will Tile Shop Holdings, Inc. (TTS) Short Squeeze Soon? The Stock Formed a Bearish Multiple Bottom Chart Pattern

February 15, 2018 - By Marry Poplack

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.
Nationwide Fund Advisors has 21,121 shares for 0% of their portfolio. Franklin Resources, a California-based fund reported 1.26M shares. State Teachers Retirement System accumulated 12,502 shares. Waddell & Reed Fincl Incorporated holds 0.01% or 383,117 shares. Fund Mngmt owns 20,500 shares. Wells Fargo & Mn holds 0% or 372,132 shares in its portfolio. Int Grp Incorporated reported 30,585 shares. Engineers Gate Manager Ltd Partnership reported 0.02% of its portfolio in Tile Shop Holdings, Inc. (NASDAQ:TTS). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,188 shares or 0% of all its holdings. Georgia-based Invesco Limited has invested 0% in Tile Shop Holdings, Inc. (NASDAQ:TTS). Manufacturers Life Insur The reported 0% stake. Tower Capital Ltd Liability Corporation (Trc) holds 2,120 shares. Moreover, Prudential Finance Inc has 0% invested in Tile Shop Holdings, Inc. (NASDAQ:TTS) for 56,620 shares. Mason Street Llc has 8,668 shares. Virtu Limited Company has invested 0% in Tile Shop Holdings, Inc. (NASDAQ:TTS).

Since December 14, 2017, it had 1 buy, 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. Piper Jaffray maintained it with “Overweight” rating and $18 target in Thursday, September 3 report. Northland Capital initiated Tile Shop Holdings, Inc. (NASDAQ:TTS) rating on Wednesday, April 6. Northland Capital has “Outperform” rating and $19.50 target. The stock has “Hold” rating by Robert W. Baird on Tuesday, January 2. The firm has “Sell” rating given on Saturday, August 22 by Zacks. Citigroup maintained the stock with “Neutral” rating in Wednesday, October 4 report. As per Wednesday, July 19, the company rating was initiated by Loop Capital Markets. The stock of Tile Shop Holdings, Inc. (NASDAQ:TTS) earned “Hold” rating by Robert W. Baird on Thursday, August 31. The firm has “Neutral” rating by Citigroup given on Wednesday, October 18. Citigroup maintained Tile Shop Holdings, Inc. (NASDAQ:TTS) on Tuesday, August 23 with “Neutral” rating. The stock of Tile Shop Holdings, Inc. (NASDAQ:TTS) earned “Neutral” rating by PiperJaffray on Wednesday, September 27.

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

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