Tile Shop Holdings, Inc. (TTS) Stake Raised by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of Tile Shop Holdings, Inc. (NASDAQ:TTS) by 225.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,858 shares of the company’s stock after buying an additional 40,058 shares during the quarter. Arizona State Retirement System owned about 0.11% of Tile Shop worth $555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Tile Shop by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 27,638 shares of the company’s stock worth $570,000 after buying an additional 1,470 shares during the period. HL Financial Services LLC increased its position in shares of Tile Shop by 67.5% during the fourth quarter. HL Financial Services LLC now owns 17,202 shares of the company’s stock worth $165,000 after buying an additional 6,931 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Tile Shop by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 170,638 shares of the company’s stock worth $1,639,000 after buying an additional 7,020 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Tile Shop by 71.1% during the third quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the company’s stock worth $227,000 after buying an additional 7,437 shares during the period. Finally, Algert Global LLC increased its position in shares of Tile Shop by 12.1% during the third quarter. Algert Global LLC now owns 94,609 shares of the company’s stock worth $1,202,000 after buying an additional 10,236 shares during the period. Institutional investors own 64.76% of the company’s stock.

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In other Tile Shop news, Director Peter J. Jacullo III acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were purchased at an average cost of $5.85 per share, with a total value of $58,500.00. Following the completion of the purchase, the director now owns 121,206 shares of the company’s stock, valued at $709,055.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Todd Krasnow acquired 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of $5.55 per share, for a total transaction of $111,000.00. Following the completion of the purchase, the director now directly owns 518,578 shares of the company’s stock, valued at approximately $2,878,107.90. The disclosure for this purchase can be found here. Insiders acquired 448,986 shares of company stock valued at $2,466,764 over the last 90 days. Corporate insiders own 24.30% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of Tile Shop from $10.00 to $6.60 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. BidaskClub cut shares of Tile Shop from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 24th. Loop Capital decreased their price objective on shares of Tile Shop to $5.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Stifel Nicolaus decreased their price objective on shares of 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 reiterated a “neutral” rating and set a $6.00 price objective (down from $10.00) on shares of Tile Shop in a research report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. Tile Shop has an average rating of “Hold” and a consensus target price of $7.09.

Shares of TTS stock opened at $5.70 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.13. The company has a market cap of $310.30, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.96. Tile Shop Holdings, Inc. has a twelve month low of $5.15 and a twelve month high of $22.40.

Tile Shop (NASDAQ:TTS) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). The company had revenue of $78.58 million during the quarter, compared to analyst estimates of $84.22 million. Tile Shop had a return on equity of 11.11% and a net margin of 3.14%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. equities analysts predict that Tile Shop Holdings, Inc. will post 0.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Friday, March 2nd. Tile Shop’s payout ratio is 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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Institutional Ownership by Quarter for Tile Shop (NASDAQ:TTS)

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