Tile Shop Holdings Inc. (NASDAQ:TTS) Director Robert A. Rucker sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $17.04, for a total value of $852,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Tile Shop Holdings Inc. (NASDAQ:TTS) opened at 16.80 on Friday. Tile Shop Holdings Inc. has a 52-week low of $11.81 and a 52-week high of $21.05. The firm has a market capitalization of $865.49 million, a price-to-earnings ratio of 40.98 and a beta of 2.07. The company’s 50 day moving average price is $16.20 and its 200 day moving average price is $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, topping the Zacks’ consensus estimate of $0.13 by $0.01. Tile Shop Holdings had a return on equity of 18.43% and a net margin of 6.75%. The company earned $84.30 million during the quarter, compared to the consensus estimate of $84.18 million. Analysts forecast that Tile Shop Holdings Inc. will post $0.45 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in shares of Tile Shop Holdings by 12.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 91,607 shares of the company’s stock worth $1,822,000 after buying an additional 10,186 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Tile Shop Holdings by 7.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,494 shares of the company’s stock worth $447,000 after buying an additional 1,519 shares during the last quarter. Numeric Investors LLC increased its position in shares of Tile Shop Holdings by 193.3% in the second quarter. Numeric Investors LLC now owns 711,819 shares of the company’s stock worth $14,151,000 after buying an additional 469,119 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Tile Shop Holdings during the second quarter worth $1,716,000. Finally, Keane Capital Partners LLC bought a new position in shares of Tile Shop Holdings during the second quarter worth $870,000. 64.55% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on TTS shares. Zacks Investment Research cut Tile Shop Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Citigroup Inc. reduced 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 issued a buy rating to the company. Tile Shop Holdings has a consensus rating of “Hold” and a consensus target price of $19.50.
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