Bamco Inc. NY Buys Shares of 55,000 Tile Shop Hldgs, Inc. (TTS)
Bamco Inc. NY bought a new stake in shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,000 shares of the company’s stock, valued at approximately $1,136,000. Bamco Inc. NY owned 0.11% of Tile Shop Hldgs as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its position in shares of Tile Shop Hldgs by 5.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 43,694 shares of the company’s stock valued at $841,000 after buying an additional 2,089 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Tile Shop Hldgs by 69.1% during the 1st quarter. First Trust Advisors LP now owns 57,865 shares of the company’s stock worth $1,114,000 after acquiring an additional 23,647 shares during the period. US Bancorp DE grew its stake in shares of Tile Shop Hldgs by 4.4% during the 1st quarter. US Bancorp DE now owns 25,400 shares of the company’s stock worth $489,000 after acquiring an additional 1,073 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Tile Shop Hldgs by 13.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock worth $132,000 after acquiring an additional 802 shares during the last quarter. Finally, Comerica Bank increased its holdings in Tile Shop Hldgs by 0.9% in the 1st quarter. Comerica Bank now owns 78,918 shares of the company’s stock worth $1,713,000 after acquiring an additional 715 shares during the last quarter. 68.33% of the stock is owned by hedge funds and other institutional investors.
Tile Shop Hldgs, Inc. (NASDAQ TTS) opened at 8.45 on Wednesday. The stock has a market cap of $438.75 million, a PE ratio of 21.12 and a beta of 1.79. The company’s 50-day moving average is $14.64 and its 200 day moving average is $17.93. Tile Shop Hldgs, Inc. has a 52 week low of $8.25 and a 52 week high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $89.50 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts expect that Tile Shop Hldgs, Inc. will post $0.51 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the stock. Citigroup Inc. reduced their price objective on shares of Tile Shop Hldgs from $17.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday. Stifel Nicolaus lowered their target price on shares of Tile Shop Hldgs from $15.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday. Loop Capital restated a “hold” rating and set a $12.00 target price (down previously from $15.00) on shares of Tile Shop Hldgs in a research report on Tuesday. CJS Securities downgraded 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 report on Tuesday. Finally, Telsey Advisory Group lowered Tile Shop Hldgs from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $17.00 to $7.00 in a report on Tuesday. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.21.
In other news, Director Peter J. Jacullo III bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of $13.90 per share, with a total value of $139,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert A. Rucker sold 100,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $20.16, for a total transaction of $2,016,000.00. The disclosure for this sale can be found here. Insiders purchased a total of 259,454 shares of company stock valued at $3,710,115 over the last three months. 24.30% of the stock is currently owned by 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.
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.