Tile Shop Holdings, Inc. (NASDAQ:TTS) Director Peter J. Jacullo III purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average cost of $5.85 per share, for a total transaction of $58,500.00. Following the acquisition, the director now owns 121,206 shares in the company, valued at approximately $709,055.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Peter J. Jacullo III also recently made the following trade(s):
- On Thursday, December 7th, Peter J. Jacullo III purchased 187,828 shares of Tile Shop stock. The stock was bought at an average cost of $8.48 per share, for a total transaction of $1,592,781.44.
Shares of Tile Shop Holdings, Inc. (NASDAQ:TTS) traded up $0.10 during trading on Wednesday, reaching $6.00. The company’s stock had a trading volume of 929,807 shares, compared to its average volume of 1,039,888. The company has a quick ratio of 0.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.13. The company has a market cap of $312.91, a P/E ratio of 28.10, a P/E/G ratio of 1.28 and a beta of 1.96. Tile Shop Holdings, Inc. has a 52-week low of $5.15 and a 52-week high of $22.40.
Tile Shop (NASDAQ:TTS) last announced its earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.10). The business had revenue of $78.58 million for the quarter, compared to the consensus estimate of $84.22 million. Tile Shop had a net margin of 3.14% and a return on equity of 11.11%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. equities research analysts predict that Tile Shop Holdings, Inc. will post 0.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, March 2nd. Tile Shop’s payout ratio is currently 95.24%.
A number of institutional investors have recently made changes to their positions in TTS. Point72 Asset Management L.P. bought a new stake in Tile Shop during the 3rd quarter valued at $12,874,000. BlackRock Inc. increased its position in shares of Tile Shop by 17.0% during the 4th quarter. BlackRock Inc. now owns 5,823,901 shares of the company’s stock valued at $55,911,000 after purchasing an additional 845,141 shares during the period. Two Sigma Investments LP increased its position in shares of Tile Shop by 1,970.5% during the 4th quarter. Two Sigma Investments LP now owns 719,302 shares of the company’s stock valued at $6,905,000 after purchasing an additional 684,562 shares during the period. Millennium Management LLC increased its position in shares of Tile Shop by 73.1% during the 4th quarter. Millennium Management LLC now owns 1,529,352 shares of the company’s stock valued at $14,682,000 after purchasing an additional 645,782 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of Tile Shop by 2,401.7% during the 4th quarter. Two Sigma Advisers LP now owns 603,970 shares of the company’s stock valued at $5,798,000 after purchasing an additional 579,828 shares during the period. 64.76% of the stock is currently owned by hedge funds and other institutional investors.
TTS has been the topic of several recent research reports. BidaskClub downgraded Tile Shop from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Robert W. Baird reissued a “neutral” rating and issued a $6.00 price target (down previously from $10.00) on shares of Tile Shop in a report on Thursday, February 22nd. Citigroup cut their price target on Tile Shop from $10.00 to $6.60 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Loop Capital cut their price target on Tile Shop to $5.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Finally, Zacks Investment Research downgraded Tile Shop from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Tile Shop has an average rating of “Hold” and an average price target of $7.09.
Tile Shop 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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