Boston Advisors LLC Buys New Stake in Tile Shop Hldgs, Inc. (TTS)
Boston Advisors LLC acquired a new position in Tile Shop Hldgs, Inc. (NASDAQ:TTS) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 36,840 shares of the company’s stock, valued at approximately $761,000. Boston Advisors LLC owned approximately 0.07% of Tile Shop Hldgs as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in TTS. Goldman Sachs Group Inc. increased its position in shares of Tile Shop Hldgs by 300.1% in the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock valued at $6,769,000 after buying an additional 263,745 shares during the period. Guggenheim Capital LLC bought a new position in shares of Tile Shop Hldgs during the fourth quarter valued at approximately $1,179,000. OppenheimerFunds Inc. bought a new position in shares of Tile Shop Hldgs during the first quarter valued at approximately $266,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Tile Shop Hldgs during the fourth quarter valued at approximately $302,000. Finally, UBS Group AG increased its position in shares of Tile Shop Hldgs by 558.4% in the first quarter. UBS Group AG now owns 24,591 shares of the company’s stock valued at $474,000 after buying an additional 20,856 shares during the period. Hedge funds and other institutional investors own 68.65% of the company’s stock.
Tile Shop Hldgs, Inc. (NASDAQ TTS) opened at 14.95 on Tuesday. The company has a 50-day moving average price of $17.04 and a 200 day moving average price of $18.91. The company has a market capitalization of $776.25 million, a PE ratio of 37.38 and a beta of 1.87. Tile Shop Hldgs, Inc. has a 12 month low of $13.30 and a 12 month high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last posted its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $89.50 million for the quarter, compared to analyst estimates of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that Tile Shop Hldgs, Inc. will post $0.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, July 28th. Tile Shop Hldgs’s payout ratio is presently 50.00%.
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TTS has been the topic of several analyst reports. Telsey Advisory Group increased their price target on Tile Shop Hldgs from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Stifel Nicolaus restated a “hold” rating and issued a $18.00 price objective on shares of Tile Shop Hldgs in a research note on Wednesday, April 19th. Citigroup Inc. restated a “neutral” rating and issued a $22.00 price objective (up previously from $19.00) on shares of Tile Shop Hldgs in a research note on Saturday, April 22nd. Finally, BidaskClub upgraded shares of Tile Shop Hldgs from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Tile Shop Hldgs currently has a consensus rating of “Hold” and a consensus price target of $17.17.
In other news, Director Peter H. Kamin acquired 159,000 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were purchased at an average cost of $14.43 per share, with a total value of $2,294,370.00. Following the acquisition, the director now directly owns 435,908 shares in the company, valued at approximately $6,290,152.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert A. Rucker sold 14,801 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $20.69, for a total value of $306,232.69. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 259,454 shares of company stock worth $3,710,115 and have sold 901,623 shares worth $18,097,316. 24.30% of the stock is currently owned by insiders.
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