Northern Trust Corp raised its stake in Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 526,575 shares of the company’s stock after buying an additional 26,014 shares during the quarter. Northern Trust Corp owned 1.02% of Tile Shop Hldgs worth $10,874,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Tile Shop Hldgs by 300.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock valued at $6,769,000 after purchasing an additional 263,745 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Tile Shop Hldgs by 29.1% during the 2nd quarter. New York State Common Retirement Fund now owns 80,546 shares of the company’s stock worth $1,663,000 after acquiring an additional 18,164 shares during the period. State Street Corp lifted 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 lifted 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. Finally, Legal & General Group Plc lifted 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. Institutional investors own 66.78% of the company’s stock.
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Shares of Tile Shop Hldgs, Inc. (NASDAQ TTS) opened at $8.40 on Wednesday. Tile Shop Hldgs, Inc. has a 52-week low of $8.08 and a 52-week high of $22.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.55 and a quick ratio of 0.39. The stock has a market cap of $427.70, a PE ratio of 19.07, a PEG ratio of 0.80 and a beta of 1.74.
Tile Shop Hldgs (NASDAQ:TTS) last posted its earnings results on Tuesday, October 17th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Tile Shop Hldgs had a net margin of 5.38% and a return on equity of 15.40%. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.05 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts forecast that Tile Shop Hldgs, Inc. will post 0.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, October 30th. Tile Shop Hldgs’s dividend payout ratio is presently 55.56%.
Several research analysts recently weighed in on the stock. Loop Capital reissued a “hold” rating on shares of Tile Shop Hldgs in a research note on Friday, October 27th. Citigroup Inc. cut their price target on shares of Tile Shop Hldgs from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. BidaskClub lowered shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. TheStreet downgraded shares of Tile Shop Hldgs from a “b-” rating to a “c” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.92.
In other news, CFO Kirk Geadelmann bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was bought at an average price of $8.75 per share, for a total transaction of $43,750.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher Thomas Cook purchased 22,200 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average cost of $8.42 per share, for a total transaction of $186,924.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 80,967 shares of company stock valued at $692,907. 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.
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