Tile Shop Holdings, Inc. (NASDAQ:TTS) Director Peter H. Kamin bought 240,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was bought at an average price of $5.50 per share, for a total transaction of $1,320,000.00. Following the purchase, the director now directly owns 518,578 shares of the company’s stock, valued at $2,852,179. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Tile Shop Holdings, Inc. (NASDAQ:TTS) opened at $5.40 on Thursday. Tile Shop Holdings, Inc. has a 52 week low of $5.15 and a 52 week high of $22.40. The firm has a market capitalization of $281.62, a PE ratio of 25.71, a PEG ratio of 1.11 and a beta of 1.60. The company has a current ratio of 1.70, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13.
Tile Shop (NASDAQ:TTS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.10). Tile Shop had a return on equity of 11.11% and a net margin of 3.14%. The business had revenue of $78.58 million for the quarter, compared to analysts’ expectations of $84.22 million. During the same quarter in the previous year, the firm posted $0.07 EPS. Tile Shop’s revenue was up 2.6% on a year-over-year basis. research analysts forecast that Tile Shop Holdings, Inc. will post 0.19 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of TTS. Teachers Advisors LLC grew its stake in shares of Tile Shop by 11.2% during the second quarter. Teachers Advisors LLC now owns 60,773 shares of the company’s stock worth $1,255,000 after acquiring an additional 6,109 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Tile Shop by 29.1% during the second quarter. New York State Common Retirement Fund now owns 80,546 shares of the company’s stock worth $1,663,000 after purchasing an additional 18,164 shares during the period. Northern Trust Corp lifted its holdings in shares of Tile Shop by 5.2% during the second quarter. Northern Trust Corp now owns 526,575 shares of the company’s stock worth $10,874,000 after purchasing an additional 26,014 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Tile Shop by 3.3% during the second quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock worth $61,603,000 after purchasing an additional 94,168 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Tile Shop by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 718,232 shares of the company’s stock worth $14,831,000 after purchasing an additional 95,429 shares during the period. Institutional investors and hedge funds own 66.92% of the company’s stock.
Several equities analysts have issued reports on the company. BidaskClub lowered Tile Shop from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded Tile Shop from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Robert W. Baird restated a “neutral” rating and set a $6.00 price target (down previously from $10.00) on shares of Tile Shop in a research note on Thursday, February 22nd. Citigroup dropped their price target on Tile Shop from $10.00 to $6.60 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Finally, Loop Capital dropped their price target on Tile Shop to $5.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.09.
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About Tile Shop
Tile Shop Holdings, Inc operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. 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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