Tile Shop Holdings Inc. (TTS) Director Robert A. Rucker Sells 50,000 Shares
Tile Shop Holdings Inc. (NASDAQ:TTS) Director Robert A. Rucker sold 50,000 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tile Shop Holdings Inc. (NASDAQ:TTS) opened at 16.80 on Friday. The company’s 50 day moving average price is $16.20 and its 200-day moving average price is $17.28. The stock has a market capitalization of $865.49 million, a P/E ratio of 40.98 and a beta of 2.07. Tile Shop Holdings Inc. has a 12 month low of $11.81 and a 12 month high of $21.05.
Tile Shop Holdings (NASDAQ:TTS) last posted its earnings results on Tuesday, July 19th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $84.30 million for the quarter, compared to the consensus estimate of $84.18 million. Equities analysts predict that Tile Shop Holdings Inc. will post $0.45 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 during the period. Rational Advisors LLC purchased a new position in Tile Shop Holdings during the second quarter worth $153,000. State Board of Administration of Florida Retirement System purchased a new position in Tile Shop Holdings during the second quarter worth $199,000. First Mercantile Trust Co. increased its position in Tile Shop Holdings by 8.0% in the second quarter. First Mercantile Trust Co. now owns 10,100 shares of the company’s stock worth $201,000 after buying an additional 746 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Tile Shop Holdings during the second quarter worth $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 research analyst reports. Zacks Investment Research downgraded Tile Shop Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Citigroup Inc. decreased their price target on Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Tile Shop Holdings has an average rating of “Hold” and a consensus target price of $19.50.
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