Brown Advisory Inc. purchased a new stake in Tile Shop Holdings Inc (NASDAQ:TTS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 840,404 shares of the company’s stock, valued at approximately $4,606,000. Brown Advisory Inc. owned about 1.59% of Tile Shop as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of TTS. BlackRock Inc. grew its position in Tile Shop by 1.6% during the fourth quarter. BlackRock Inc. now owns 6,448,065 shares of the company’s stock worth $35,336,000 after buying an additional 103,358 shares in the last quarter. Vanguard Group Inc. grew its position in Tile Shop by 11.5% during the third quarter. Vanguard Group Inc. now owns 3,034,218 shares of the company’s stock worth $21,695,000 after buying an additional 313,778 shares in the last quarter. Vanguard Group Inc grew its position in Tile Shop by 11.5% during the third quarter. Vanguard Group Inc now owns 3,034,218 shares of the company’s stock worth $21,695,000 after buying an additional 313,778 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Tile Shop by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,997 shares of the company’s stock worth $12,609,000 after buying an additional 7,983 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its position in Tile Shop by 69.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 1,164,500 shares of the company’s stock worth $6,381,000 after buying an additional 477,000 shares in the last quarter. 63.36% of the stock is currently owned by institutional investors.
In other news, Director Peter J. Jacullo III bought 30,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 80,000 shares of company stock valued at $487,400 in the last quarter. 25.90% of the stock is currently owned by corporate insiders.
NASDAQ:TTS opened at $6.07 on Friday. Tile Shop Holdings Inc has a 1 year low of $5.20 and a 1 year high of $9.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.58 and a quick ratio of 0.40. The company has a market capitalization of $327.05 million, a PE ratio of 30.35, a PEG ratio of 1.01 and a beta of 1.88.
Tile Shop (NASDAQ:TTS) last posted its earnings results on Tuesday, February 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Tile Shop had a net margin of 2.92% and a return on equity of 7.07%. The firm had revenue of $83.90 million during the quarter, compared to the consensus estimate of $84.04 million. During the same quarter last year, the firm posted ($0.05) EPS. The business’s revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Tile Shop Holdings Inc will post 0.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Friday, March 1st. Tile Shop’s dividend payout ratio (DPR) is currently 100.00%.
A number of equities research analysts have weighed in on the company. Robert W. Baird reaffirmed a “hold” rating and set a $6.00 price objective on shares of Tile Shop in a report on Sunday, January 6th. ValuEngine downgraded Tile Shop from a “hold” rating to a “sell” rating in a report on Friday, January 4th. BidaskClub raised Tile Shop from a “sell” rating to a “hold” rating in a report on Saturday, December 22nd. Finally, Zacks Investment Research downgraded Tile Shop from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.50.
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About Tile Shop
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 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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