Kennedy Capital Management Inc. decreased its holdings in Tile Shop Holdings, Inc. (NASDAQ:TTS) by 36.8% in the fourth quarter, HoldingsChannel reports. The firm owned 590,190 shares of the company’s stock after selling 343,675 shares during the period. Kennedy Capital Management Inc.’s holdings in Tile Shop were worth $5,666,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. HL Financial Services LLC acquired a new stake in shares of Tile Shop in the 3rd quarter worth $130,000. Aperio Group LLC acquired a new stake in shares of Tile Shop in the 4th quarter worth $100,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Tile Shop in the 3rd quarter worth $144,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Tile Shop in the 3rd quarter worth $145,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Tile Shop in the 4th quarter worth $112,000. 64.76% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on TTS shares. BidaskClub raised Tile Shop from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research raised Tile Shop from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Loop Capital lowered their price objective on Tile Shop to $5.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Stifel Nicolaus lowered their price objective on Tile Shop from $10.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Tile Shop in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.09.
Shares of Tile Shop Holdings, Inc. (NASDAQ TTS) opened at $5.95 on Friday. Tile Shop Holdings, Inc. has a 52-week low of $5.15 and a 52-week high of $22.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 1.70. The company has a market capitalization of $302.48, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.96.
Tile Shop (NASDAQ:TTS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.05) EPS 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 firm had revenue of $78.58 million for the quarter, compared to analyst estimates of $84.22 million. During the same period in the prior year, the firm posted $0.07 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that Tile Shop Holdings, Inc. will post 0.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 3.36%. Tile Shop’s dividend payout ratio is currently 95.24%.
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Tile Shop Profile
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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