BlackRock Inc. lifted its position in shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,439,098 shares of the company’s stock after acquiring an additional 36,762 shares during the quarter. BlackRock Inc. owned 8.56% of Tile Shop Hldgs worth $91,667,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of TTS. Goldman Sachs Group Inc. grew its position in Tile Shop Hldgs by 300.1% during the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after buying an additional 263,745 shares during the period. Alliancebernstein L.P. grew its position in Tile Shop Hldgs by 17.2% during the second quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock worth $33,610,000 after buying an additional 238,874 shares during the period. Jennison Associates LLC acquired a new position in Tile Shop Hldgs during the second quarter worth about $4,860,000. Emerald Advisers Inc. PA grew its position in Tile Shop Hldgs by 17.3% during the second quarter. Emerald Advisers Inc. PA now owns 1,059,339 shares of the company’s stock worth $21,875,000 after buying an additional 156,067 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Tile Shop Hldgs by 31.5% during the first quarter. Dimensional Fund Advisors LP now owns 622,803 shares of the company’s stock worth $11,988,000 after buying an additional 149,314 shares during the period. Institutional investors and hedge funds own 68.33% of the company’s stock.
Shares of Tile Shop Hldgs, Inc. (NASDAQ TTS) opened at 8.75 on Friday. The stock has a market cap of $455.62 million, a P/E ratio of 24.51 and a beta of 1.79. Tile Shop Hldgs, Inc. has a one year low of $8.20 and a one year high of $22.40. The firm has a 50 day moving average of $12.28 and a 200 day moving average of $16.99.
Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $84.40 million for the quarter, compared to analysts’ expectations 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 was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities research analysts predict that Tile Shop Hldgs, Inc. will post $0.43 EPS for the current fiscal year.
The firm 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. The ex-dividend date is Monday, October 30th. This represents a $0.20 annualized dividend and a dividend yield of 2.29%. Tile Shop Hldgs’s dividend payout ratio is currently 55.56%.
In other news, Director Peter J. Jacullo III bought 10,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average cost of $13.90 per share, with a total value of $139,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter H. Kamin bought 29,600 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was purchased at an average cost of $13.60 per share, for a total transaction of $402,560.00. Following the completion of the transaction, the director now owns 471,002 shares of the company’s stock, valued at $6,405,627.20. The disclosure for this purchase can be found here. Insiders bought a total of 88,367 shares of company stock worth $957,543 in the last ninety days. Corporate insiders own 24.30% of the company’s stock.
Several analysts have issued reports on the stock. Piper Jaffray Companies set a $19.00 price target on shares of Tile Shop Hldgs and gave the company a “buy” rating in a report on Tuesday, July 18th. BidaskClub raised shares of Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. TheStreet downgraded shares of Tile Shop Hldgs from a “b-” rating to a “c” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 price target (down previously from $18.00) on shares of Tile Shop Hldgs in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.92.
About Tile Shop Hldgs
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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