State of Alaska Department of Revenue Raises Stake in Tile Shop Hldgs, Inc. (TTS)
State of Alaska Department of Revenue boosted its stake in Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 79.3% during the second quarter, Holdings Channel reports. The fund owned 6,525 shares of the company’s stock after buying an additional 2,885 shares during the period. State of Alaska Department of Revenue’s holdings in Tile Shop Hldgs were worth $134,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Tile Shop Hldgs by 300.1% in the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock valued at $6,769,000 after buying an additional 263,745 shares in the last quarter. Guggenheim Capital LLC bought a new position in shares of Tile Shop Hldgs during the fourth quarter valued at $1,179,000. OppenheimerFunds Inc. bought a new position in shares of Tile Shop Hldgs during the first quarter valued at $266,000. UBS Group AG boosted its position in shares of Tile Shop Hldgs by 558.4% in the first quarter. UBS Group AG now owns 24,591 shares of the company’s stock valued at $474,000 after buying an additional 20,856 shares in the last quarter. Finally, Emerald Advisers Inc. PA boosted its position in shares of Tile Shop Hldgs by 14.7% in the first quarter. Emerald Advisers Inc. PA now owns 903,272 shares of the company’s stock valued at $17,388,000 after buying an additional 115,575 shares in the last quarter. 69.05% of the stock is owned by institutional investors and hedge funds.
Shares of Tile Shop Hldgs, Inc. (TTS) traded up 0.67% during trading on Friday, hitting $15.10. The stock had a trading volume of 76,958 shares. The company has a market cap of $784.04 million, a PE ratio of 37.75 and a beta of 1.87. The firm’s 50 day moving average is $17.35 and its 200 day moving average is $18.97. Tile Shop Hldgs, Inc. has a 1-year low of $13.30 and a 1-year high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last posted its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the 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 return on equity of 17.45% and a net margin of 6.11%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Equities research analysts anticipate that Tile Shop Hldgs, Inc. will post $0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.05 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Tile Shop Hldgs’s dividend payout ratio (DPR) is presently 50.00%.
Several equities analysts have weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 price objective (down from $21.00) on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. Loop Capital assumed coverage on Tile Shop Hldgs in a report on Wednesday, July 19th. They issued a “hold” rating and a $15.00 price objective for the company. BidaskClub cut Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research cut Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Finally, Citigroup Inc. dropped their price objective on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.17.
In other Tile Shop Hldgs news, CEO Chris Homeister acquired 9,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were bought at an average price of $13.98 per share, for a total transaction of $125,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Rucker sold 14,801 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $20.69, for a total value of $306,232.69. The disclosure for this sale can be found here. In the last quarter, insiders purchased 259,454 shares of company stock worth $3,710,115 and sold 901,623 shares worth $18,097,316. Company insiders own 24.30% of the company’s stock.
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