Insider Buying: Tile Shop Hldgs, Inc. (TTS) Director Purchases 29,600 Shares of Stock
Tile Shop Hldgs, Inc. (NASDAQ:TTS) Director Peter H. Kamin acquired 29,600 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were purchased at an average price of $13.60 per share, with a total value of $402,560.00. Following the completion of the acquisition, the director now owns 471,002 shares in the company, valued at $6,405,627.20. The purchase was disclosed in a filing with the SEC, which is available at this link.
Tile Shop Hldgs, Inc. (NASDAQ TTS) opened at 15.00 on Tuesday. The company’s 50 day moving average is $18.56 and its 200-day moving average is $19.18. Tile Shop Hldgs, Inc. has a 1-year low of $13.30 and a 1-year high of $22.40. The firm has a market cap of $777.84 million, a price-to-earnings ratio of 37.50 and a beta of 1.87.
Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $89.50 million for the quarter, compared to the consensus estimate of $93.20 million. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. On average, analysts predict that Tile Shop Hldgs, Inc. will post $0.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, July 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. Tile Shop Hldgs’s dividend payout ratio (DPR) is presently 50.00%.
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A number of hedge funds have recently made changes to their positions in TTS. Russell Investments Group Ltd. purchased a new stake in Tile Shop Hldgs during the fourth quarter valued at about $447,000. State Street Corp raised its stake in Tile Shop Hldgs by 8.2% in the fourth quarter. State Street Corp now owns 701,915 shares of the company’s stock valued at $13,724,000 after buying an additional 52,928 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Tile Shop Hldgs by 35.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 473,489 shares of the company’s stock valued at $9,257,000 after buying an additional 124,327 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in Tile Shop Hldgs during the fourth quarter valued at about $1,179,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Tile Shop Hldgs during the fourth quarter valued at about $302,000. Institutional investors and hedge funds own 69.05% of the company’s stock.
Several brokerages have recently weighed in on TTS. Zacks Investment Research raised shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 price target on shares of Tile Shop Hldgs in a research report on Wednesday, April 19th. Citigroup Inc. reaffirmed a “neutral” rating and set a $22.00 price target (up previously from $19.00) on shares of Tile Shop Hldgs in a research report on Saturday, April 22nd. BidaskClub raised shares of Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Finally, Telsey Advisory Group raised their target price on shares of Tile Shop Hldgs from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Tile Shop Hldgs currently has an average rating of “Hold” and an average target price of $17.17.
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