Robert A. Rucker Sells 50,000 Shares of Tile Shop Holdings Inc. (TTS) Stock
Tile Shop Holdings Inc. (NASDAQ:TTS) Director Robert A. Rucker sold 50,000 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $17.04, for a total value of $852,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Tile Shop Holdings Inc. (NASDAQ:TTS) opened at 16.80 on Friday. Tile Shop Holdings Inc. has a 12 month low of $11.81 and a 12 month high of $21.05. The company has a market capitalization of $865.49 million, a PE ratio of 40.98 and a beta of 2.07. The firm has a 50-day moving average price of $16.20 and a 200-day moving average price of $17.28.
Tile Shop Holdings (NASDAQ:TTS) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The firm earned $84.30 million during the quarter, compared to the consensus estimate of $84.18 million. Tile Shop Holdings had a return on equity of 18.43% and a net margin of 6.75%. On average, equities research analysts predict that Tile Shop Holdings Inc. will post $0.45 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TTS. Victory Capital Management Inc. increased its position in Tile Shop Holdings by 158.1% in the second quarter. Victory Capital Management Inc. now owns 6,475 shares of the company’s stock worth $129,000 after buying an additional 3,966 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Tile Shop Holdings during the second quarter valued at approximately $153,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Tile Shop Holdings during the second quarter valued at approximately $199,000. First Mercantile Trust Co. increased its position in shares of Tile Shop Holdings by 8.0% in the second quarter. First Mercantile Trust Co. now owns 10,100 shares of the company’s stock valued at $201,000 after buying an additional 746 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Tile Shop Holdings during the second quarter valued at approximately $231,000. Hedge funds and other institutional investors own 64.55% of the company’s stock.
TTS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Tile Shop Holdings from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Saturday, July 23rd. Citigroup Inc. cut their target price on Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.50.
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