Tile Shop Hldgs, Inc. (NASDAQ:TTS) Director Christopher Thomas Cook acquired 22,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average cost of $8.42 per share, for a total transaction of $186,924.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Tile Shop Hldgs, Inc. (NASDAQ TTS) opened at $8.55 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.04. Tile Shop Hldgs, Inc. has a 52 week low of $8.20 and a 52 week high of $22.40. The stock has a market capitalization of $445.95, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.74.
Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $84.40 million for the quarter, compared to analyst estimates of $84.05 million. Tile Shop Hldgs had a return on equity of 15.40% and a net margin of 5.38%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. equities analysts predict that Tile Shop Hldgs, Inc. will post 0.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, October 30th. Tile Shop Hldgs’s dividend payout ratio is currently 55.56%.
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TTS has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price objective on Tile Shop Hldgs from $15.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 4th. CJS Securities lowered Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a research note on Tuesday, October 3rd. Loop Capital decreased their price target on Tile Shop Hldgs from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Friday, October 13th. Zacks Investment Research raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price target (down from $21.00) on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Tile Shop Hldgs has a consensus rating of “Hold” and an average target price of $8.92.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTS. Voya Investment Management LLC lifted its stake in shares of Tile Shop Hldgs by 4,014.4% in the 2nd quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock valued at $10,061,000 after purchasing an additional 475,344 shares in the last quarter. Lapides Asset Management LLC acquired a new position in shares of Tile Shop Hldgs in the 3rd quarter valued at about $4,342,000. Goldman Sachs Group Inc. lifted its stake in shares of Tile Shop Hldgs by 300.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock valued at $6,769,000 after purchasing an additional 263,745 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Tile Shop Hldgs by 17.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock valued at $33,610,000 after buying an additional 238,874 shares during the period. Finally, Jennison Associates LLC purchased a new stake in shares of Tile Shop Hldgs during the 2nd quarter valued at about $4,860,000. 67.59% of the stock is currently owned by institutional investors and hedge funds.
Tile Shop Hldgs Company 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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