Emerald Advisers Inc. PA reduced its holdings in shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 20.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 838,699 shares of the company’s stock after selling 220,640 shares during the quarter. Emerald Advisers Inc. PA owned about 1.61% of Tile Shop Hldgs worth $10,651,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in TTS. Bank of Montreal Can lifted its stake in shares of Tile Shop Hldgs by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after buying an additional 416 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Tile Shop Hldgs by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock valued at $134,000 after buying an additional 2,885 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Tile Shop Hldgs in the 3rd quarter worth approximately $144,000. Municipal Employees Retirement System of Michigan lifted its stake in Tile Shop Hldgs by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the company’s stock worth $161,000 after purchasing an additional 260 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Tile Shop Hldgs by 1.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,692 shares of the company’s stock worth $186,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.
In other Tile Shop Hldgs news, CFO Kirk Geadelmann bought 5,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Monday, October 23rd. The shares were bought at an average price of $9.25 per share, with a total value of $46,250.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter J. Jacullo III bought 48,767 shares of Tile Shop Hldgs stock in a transaction that occurred on Thursday, October 19th. The shares were acquired at an average cost of $8.53 per share, for a total transaction of $415,982.51. Following the acquisition, the director now owns 490,075 shares in the company, valued at approximately $4,180,339.75. The disclosure for this purchase can be found here. Insiders bought a total of 58,767 shares of company stock worth $505,983 in the last three months. Insiders own 24.30% of the company’s stock.
TTS has been the topic of several recent analyst reports. Loop Capital reiterated a “hold” rating on shares of Tile Shop Hldgs in a research note on Friday, October 27th. Zacks Investment Research cut shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub cut shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Piper Jaffray Companies set a $19.00 target price on shares of Tile Shop Hldgs and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, CJS Securities cut shares of Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a research note on Tuesday, October 3rd. Three 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 an average rating of “Hold” and an average target price of $8.92.
Tile Shop Hldgs, Inc. (NASDAQ TTS) opened at $8.50 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $448.56, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.74.
Tile Shop Hldgs (NASDAQ:TTS) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $84.40 million for the quarter, compared to analyst estimates of $84.05 million. Tile Shop Hldgs had a net margin of 5.38% and a return on equity of 15.40%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. equities analysts anticipate that Tile Shop Hldgs, Inc. will post 0.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, October 30th. Tile Shop Hldgs’s payout ratio is 55.56%.
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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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