Tile Shop Holdings Inc. (NASDAQ:TTS) posted its quarterly earnings results on Tuesday. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business earned $78.60 million during the quarter, compared to analysts’ expectations of $78.59 million. Tile Shop Holdings had a return on equity of 18.43% and a net margin of 6.75%.
Tile Shop Holdings (NASDAQ:TTS) opened at 16.75 on Tuesday. Tile Shop Holdings has a 1-year low of $12.40 and a 1-year high of $21.05. The company has a 50-day moving average price of $16.16 and a 200 day moving average price of $17.37. The stock has a market capitalization of $862.91 million, a P/E ratio of 40.85 and a beta of 2.07.
Several analysts have recently commented on the company. Zacks Investment Research cut Tile Shop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Citigroup Inc. reduced their price target on Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.50.
In other news, Director Todd Krasnow sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $17.20, for a total transaction of $774,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip B. Livingston acquired 4,920 shares of Tile Shop Holdings stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average price of $16.97 per share, with a total value of $83,492.40. Following the completion of the transaction, the director now owns 4,568 shares of the company’s stock, valued at approximately $77,518.96. The disclosure for this purchase can be found here. 26.10% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of TTS. Point72 Asset Management L.P. acquired a new position in shares of Tile Shop Holdings during the second quarter valued at about $1,716,000. Parametric Portfolio Associates LLC increased its position in shares of Tile Shop Holdings by 15.5% in the second quarter. Parametric Portfolio Associates LLC now owns 233,177 shares of the company’s stock valued at $4,636,000 after buying an additional 31,261 shares in the last quarter. Menta Capital LLC increased its position in shares of Tile Shop Holdings by 29.6% in the second quarter. Menta Capital LLC now owns 56,452 shares of the company’s stock valued at $1,122,000 after buying an additional 12,900 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Tile Shop Holdings during the second quarter valued at about $267,000. Finally, State Street Corp increased its position in shares of Tile Shop Holdings by 23.7% in the second quarter. State Street Corp now owns 522,247 shares of the company’s stock valued at $10,384,000 after buying an additional 100,131 shares in the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.