Insider Buying: Tile Shop Holdings Inc (NASDAQ:TTS) Director Acquires 10,000 Shares of Stock

Tile Shop Holdings Inc (NASDAQ:TTS) Director Peter J. Jacullo III bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $4.05 per share, for a total transaction of $40,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Peter J. Jacullo III also recently made the following trade(s):

  • On Tuesday, June 4th, Peter J. Jacullo III purchased 20,000 shares of Tile Shop stock. The shares were purchased at an average price of $4.19 per share, with a total value of $83,800.00.
  • On Thursday, June 6th, Peter J. Jacullo III purchased 80,000 shares of Tile Shop stock. The shares were purchased at an average price of $4.04 per share, with a total value of $323,200.00.
  • On Thursday, March 14th, Peter J. Jacullo III purchased 20,000 shares of Tile Shop stock. The shares were purchased at an average price of $5.92 per share, with a total value of $118,400.00.

Tile Shop stock traded down $0.03 during mid-day trading on Friday, hitting $4.13. 995 shares of the stock were exchanged, compared to its average volume of 422,675. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.30 and a current ratio of 1.59. Tile Shop Holdings Inc has a 12 month low of $3.70 and a 12 month high of $9.50. The firm has a market cap of $214.37 million, a price-to-earnings ratio of 20.65, a PEG ratio of 1.03 and a beta of 1.75.

Tile Shop (NASDAQ:TTS) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $86.90 million during the quarter, compared to the consensus estimate of $93.31 million. Tile Shop had a net margin of 2.20% and a return on equity of 5.19%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, equities research analysts predict that Tile Shop Holdings Inc will post 0.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.20 annualized dividend and a dividend yield of 4.84%. Tile Shop’s dividend payout ratio is currently 100.00%.

TTS has been the subject of several analyst reports. ValuEngine lowered shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Zacks Investment Research lowered shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. BidaskClub lowered shares of Tile Shop from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price target (down previously from $7.50) on shares of Tile Shop in a report on Wednesday, May 1st. Finally, Citigroup lowered shares of Tile Shop from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $9.00 to $5.50 in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.50.

Several large investors have recently added to or reduced their stakes in TTS. Citigroup Inc. increased its stake in shares of Tile Shop by 6,798.5% in the 4th quarter. Citigroup Inc. now owns 4,622 shares of the company’s stock valued at $25,000 after acquiring an additional 4,555 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Tile Shop by 1,076.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,529 shares of the company’s stock valued at $48,000 after acquiring an additional 7,804 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Tile Shop in the 4th quarter valued at $61,000. Accredited Investors Inc. bought a new stake in shares of Tile Shop in the 4th quarter valued at $65,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Tile Shop by 352.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,193 shares of the company’s stock valued at $78,000 after acquiring an additional 11,054 shares in the last quarter. Institutional investors own 64.55% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Insider Buying: Tile Shop Holdings Inc (NASDAQ:TTS) Director Acquires 10,000 Shares of Stock” was originally published by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.thestockobserver.com/2019/06/14/insider-buying-tile-shop-holdings-inc-nasdaqtts-director-acquires-10000-shares-of-stock.html.

Tile Shop Company 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.

Featured Story: What is the price-sales ratio?

Insider Buying and Selling by Quarter for Tile Shop (NASDAQ:TTS)

Receive News & Ratings for Tile Shop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop and related companies with MarketBeat.com's FREE daily email newsletter.