Victory Capital Management Inc. grew its holdings in shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,236 shares of the company’s stock after purchasing an additional 1,065 shares during the quarter. Victory Capital Management Inc.’s holdings in Tile Shop Hldgs were worth $191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Tile Shop Hldgs by 300.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after acquiring an additional 263,745 shares during the period. State Street Corp raised its holdings in shares of Tile Shop Hldgs by 6.7% during the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after acquiring an additional 47,340 shares during the period. UBS Group AG raised its holdings in shares of Tile Shop Hldgs by 558.4% during the 1st quarter. UBS Group AG now owns 24,591 shares of the company’s stock worth $474,000 after acquiring an additional 20,856 shares during the period. Legal & General Group Plc raised its holdings in shares of Tile Shop Hldgs by 1.5% during the 1st quarter. Legal & General Group Plc now owns 55,668 shares of the company’s stock worth $1,070,000 after acquiring an additional 820 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in shares of Tile Shop Hldgs by 16.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 856,455 shares of the company’s stock worth $17,686,000 after acquiring an additional 121,823 shares during the period. 68.33% of the stock is currently owned by institutional investors.

Tile Shop Hldgs, Inc. (TTS) opened at 14.80 on Friday. The stock has a market cap of $768.46 million, a price-to-earnings ratio of 37.00 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. The stock’s 50 day moving average price is $15.09 and its 200 day moving average price is $18.30.

Tile Shop Hldgs (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $89.50 million for the quarter, compared to analyst estimates of $93.20 million. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Analysts forecast that Tile Shop Hldgs, Inc. will post $0.52 EPS for the current fiscal year.

Several research firms have recently commented on TTS. Zacks Investment Research upgraded Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered Tile Shop Hldgs from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Stifel Nicolaus reiterated a “hold” rating and set a $15.00 price target (down previously from $18.00) on shares of Tile Shop Hldgs in a report on Friday, July 21st. Finally, Piper Jaffray Companies set a $19.00 price target on Tile Shop Hldgs and gave the stock a “buy” rating in a report on Tuesday, July 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Tile Shop Hldgs presently has an average rating of “Hold” and an average target price of $17.17.

WARNING: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/09/23/victory-capital-management-inc-acquires-1065-shares-of-tile-shop-hldgs-inc-tts.html.

In other Tile Shop Hldgs news, Director Peter H. Kamin bought 159,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Thursday, July 20th. The shares were purchased at an average cost of $14.43 per share, for a total transaction of $2,294,370.00. Following the completion of the transaction, the director now owns 435,908 shares of the company’s stock, valued at approximately $6,290,152.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Jacullo III bought 10,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average price of $13.90 per share, for a total transaction of $139,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 259,454 shares of company stock worth $3,710,115 and have sold 150,000 shares worth $3,041,348. 24.30% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding TTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tile Shop Hldgs, Inc. (NASDAQ:TTS).

Institutional Ownership by Quarter for Tile Shop Hldgs (NASDAQ:TTS)

Receive News & Stock Ratings for Tile Shop Hldgs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop Hldgs Inc. and related stocks with our FREE daily email newsletter.