Wedge Capital Management L L P NC boosted its stake in Tile Shop Holdings Inc (NASDAQ:TTS) by 21.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,034 shares of the company’s stock after acquiring an additional 11,906 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Tile Shop were worth $385,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of TTS. Bank of New York Mellon Corp lifted its stake in shares of Tile Shop by 22.5% in the third quarter. Bank of New York Mellon Corp now owns 858,222 shares of the company’s stock worth $6,136,000 after acquiring an additional 157,376 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Tile Shop by 9.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,293,014 shares of the company’s stock valued at $16,395,000 after buying an additional 190,244 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in Tile Shop by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 31,097 shares of the company’s stock valued at $222,000 after buying an additional 11,054 shares in the last quarter. Legal & General Group Plc raised its stake in Tile Shop by 20.0% during the third quarter. Legal & General Group Plc now owns 83,054 shares of the company’s stock valued at $596,000 after buying an additional 13,816 shares in the last quarter. Finally, Morgan Stanley raised its stake in Tile Shop by 16.4% during the third quarter. Morgan Stanley now owns 285,838 shares of the company’s stock valued at $2,044,000 after buying an additional 40,372 shares in the last quarter. 63.47% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ TTS traded up $0.14 on Thursday, hitting $4.65. 160,503 shares of the stock traded hands, compared to its average volume of 379,003. The company has a quick ratio of 0.30, a current ratio of 1.59 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $238.28 million, a P/E ratio of 23.23, a PEG ratio of 1.10 and a beta of 1.76. Tile Shop Holdings Inc has a twelve month low of $4.34 and a twelve month high of $9.50.
Tile Shop (NASDAQ:TTS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $86.90 million for the quarter, compared to analyst estimates of $93.31 million. Tile Shop had a return on equity of 5.19% and a net margin of 2.20%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, analysts anticipate that Tile Shop Holdings Inc will post 0.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Friday, May 3rd. Tile Shop’s payout ratio is 100.00%.
Several analysts have issued reports on TTS shares. BidaskClub cut Tile Shop from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Tile Shop from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. ValuEngine upgraded Tile Shop from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price objective (down previously from $7.50) on shares of Tile Shop in a research note on Wednesday, May 1st. Finally, Citigroup cut Tile Shop from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $5.50 in a research note on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.50.
In related news, Director Peter J. Jacullo III purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $6.02 per share, for a total transaction of $120,400.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought a total of 80,000 shares of company stock worth $487,400 over the last quarter. Insiders own 25.90% of the company’s stock.
Tile Shop Profile
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.
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