Tile Shop (TTS) Hits New 1-Year Low at $5.24
Shares of Tile Shop Holdings Inc (NASDAQ:TTS) hit a new 52-week low during trading on Monday . The company traded as low as $5.24 and last traded at $5.26, with a volume of 6690 shares changing hands. The stock had previously closed at $5.60.
A number of brokerages have recently commented on TTS. BidaskClub cut shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine cut shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Zacks Investment Research cut shares of Tile Shop from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $6.00 price target on shares of Tile Shop in a research note on Sunday, January 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Tile Shop has a consensus rating of “Hold” and a consensus price target of $7.50.
The company has a market capitalization of $296.36 million, a PE ratio of 26.40, a PEG ratio of 0.91 and a beta of 1.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 2.58.
In other news, Director Peter J. Jacullo III purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average price of $6.28 per share, for a total transaction of $188,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders purchased 80,000 shares of company stock worth $487,400. 25.90% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of TTS. Citigroup Inc. raised its position in Tile Shop by 6,798.5% in the 4th quarter. Citigroup Inc. now owns 4,622 shares of the company’s stock worth $25,000 after buying an additional 4,555 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Tile Shop in the 4th quarter worth about $61,000. Accredited Investors Inc. purchased a new position in Tile Shop in the 4th quarter worth about $65,000. State of Alaska Department of Revenue raised its position in Tile Shop by 14.6% in the 4th quarter. State of Alaska Department of Revenue now owns 13,015 shares of the company’s stock worth $71,000 after buying an additional 1,660 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Tile Shop by 352.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,193 shares of the company’s stock worth $78,000 after buying an additional 11,054 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.
About Tile Shop (NASDAQ:TTS)
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.
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