Tile Shop Hldgs, Inc. (TTS) Shares Sold by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. decreased its stake in Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,827 shares of the company’s stock after selling 12,599 shares during the period. Kennedy Capital Management Inc. owned approximately 0.55% of Tile Shop Hldgs worth $5,840,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Tile Shop Hldgs by 7.7% in the second quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock worth $120,000 after acquiring an additional 416 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Tile Shop Hldgs by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock worth $132,000 after purchasing an additional 802 shares during the period. State of Alaska Department of Revenue lifted its position in Tile Shop Hldgs by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock worth $134,000 after purchasing an additional 2,885 shares during the period. Mason Street Advisors LLC lifted its position in Tile Shop Hldgs by 6.8% in the first quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock worth $148,000 after purchasing an additional 494 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Tile Shop Hldgs by 14.7% in the first quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock worth $157,000 after purchasing an additional 1,046 shares during the period. Institutional investors and hedge funds own 68.33% of the company’s stock.
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Several brokerages recently commented on TTS. BidaskClub raised Tile Shop Hldgs from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Zacks Investment Research raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Citigroup Inc. reduced their target price on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, July 19th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $19.00 target price on Tile Shop Hldgs and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Tile Shop Hldgs presently has a consensus rating of “Hold” and an average target price of $17.17.
In related news, CEO Chris Homeister bought 9,000 shares of Tile Shop Hldgs stock in a transaction dated Friday, July 21st. The shares were bought at an average cost of $13.98 per share, with a total value of $125,820.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter J. Jacullo III bought 10,000 shares of Tile Shop Hldgs stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of $13.90 per share, for a total transaction of $139,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 259,454 shares of company stock worth $3,710,115 and have sold 150,000 shares worth $3,041,348. Corporate insiders own 24.30% of the company’s stock.
Tile Shop Hldgs, Inc. (TTS) opened at 15.35 on Thursday. Tile Shop Hldgs, Inc. has a one year low of $13.30 and a one year high of $22.40. The firm’s 50 day moving average price is $14.95 and its 200-day moving average price is $18.39. The company has a market capitalization of $797.02 million, a PE ratio of 38.38 and a beta of 1.87.
Tile Shop Hldgs (NASDAQ:TTS) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The firm had revenue of $89.50 million during the quarter, compared to analyst estimates of $93.20 million. During the same period in the prior year, the company earned $0.14 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that Tile Shop Hldgs, Inc. will post $0.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, July 28th. Tile Shop Hldgs’s dividend payout ratio (DPR) is currently 50.00%.
About Tile Shop Hldgs
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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