Bank of New York Mellon Corp increased its stake in Tile Shop Holdings Inc. (NASDAQ:TTS) by 17.3% during the second quarter, Holdings Channel reports. The firm owned 349,255 shares of the company’s stock after buying an additional 51,548 shares during the period. Bank of New York Mellon Corp owned 0.68% of Tile Shop Holdings worth $6,944,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. A.R.T. Advisors LLC acquired a new stake in Tile Shop Holdings during the first quarter valued at about $183,000. BlackRock Group LTD raised its stake in Tile Shop Holdings by 125.1% in the first quarter. BlackRock Group LTD now owns 14,765 shares of the company’s stock valued at $220,000 after buying an additional 8,207 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Tile Shop Holdings during the second quarter valued at about $231,000. Pacad Investment Ltd. acquired a new stake in Tile Shop Holdings during the first quarter valued at about $305,000. Finally, Algert Global LLC raised its stake in Tile Shop Holdings by 95.1% in the first quarter. Algert Global LLC now owns 27,535 shares of the company’s stock valued at $411,000 after buying an additional 13,425 shares during the last quarter. 64.79% of the stock is owned by institutional investors.

Tile Shop Holdings Inc. (NASDAQ:TTS) traded down 2.62% on Tuesday, reaching $15.23. 555,474 shares of the company’s stock were exchanged. Tile Shop Holdings Inc. has a 12 month low of $11.67 and a 12 month high of $21.05. The stock has a market capitalization of $784.60 million, a PE ratio of 37.15 and a beta of 2.09. The firm has a 50 day moving average of $16.55 and a 200 day moving average of $17.08.

Tile Shop Holdings (NASDAQ:TTS) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The business earned $84.30 million during the quarter, compared to analysts’ expectations of $84.18 million. Tile Shop Holdings had a net margin of 6.75% and a return on equity of 18.43%. Equities analysts predict that Tile Shop Holdings Inc. will post $0.44 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on TTS shares. Zacks Investment Research lowered shares of Tile Shop Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Citigroup Inc. lowered their price target on shares of Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.50.

In other Tile Shop Holdings news, Director Robert A. Rucker sold 50,000 shares of Tile Shop Holdings stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $19.81, for a total value of $990,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd Krasnow sold 10,000 shares of Tile Shop Holdings stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $17.14, for a total transaction of $171,400.00. The disclosure for this sale can be found here. Corporate insiders own 26.10% of the company’s stock.

Tile Shop Holdings Company Profile

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