Boston Partners grew its stake in Tile Shop Holdings Inc (NASDAQ:TTS) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 733,108 shares of the company’s stock after purchasing an additional 43,961 shares during the period. Boston Partners owned approximately 1.44% of Tile Shop worth $2,339,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in TTS. Meristem Family Wealth LLC acquired a new position in shares of Tile Shop in the 2nd quarter worth approximately $49,000. Wolverine Trading LLC acquired a new position in shares of Tile Shop in the 2nd quarter worth approximately $74,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Tile Shop in the 2nd quarter worth approximately $85,000. Paloma Partners Management Co boosted its holdings in shares of Tile Shop by 32.5% in the 2nd quarter. Paloma Partners Management Co now owns 22,100 shares of the company’s stock worth $88,000 after acquiring an additional 5,424 shares in the last quarter. Finally, Accredited Investors Inc. boosted its holdings in shares of Tile Shop by 77.0% in the 2nd quarter. Accredited Investors Inc. now owns 23,634 shares of the company’s stock worth $95,000 after acquiring an additional 10,279 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.
In other news, Director Peter H. Kamin acquired 169,514 shares of Tile Shop stock in a transaction on Friday, October 25th. The shares were purchased at an average price of $1.62 per share, with a total value of $274,612.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter J. Jacullo III acquired 1,772,551 shares of Tile Shop stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of $1.53 per share, for a total transaction of $2,712,003.03. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 2,338,960 shares of company stock worth $3,671,153. Company insiders own 27.70% of the company’s stock.
Tile Shop (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter. Tile Shop had a negative return on equity of 0.91% and a negative net margin of 0.38%. The firm had revenue of $85.94 million for the quarter, compared to analyst estimates of $85.99 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts predict that Tile Shop Holdings Inc will post -0.05 EPS for the current fiscal year.
Several research analysts have recently commented on TTS shares. ValuEngine downgraded Tile Shop from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research raised Tile Shop from a “strong sell” rating to a “hold” rating in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.25.
About Tile Shop
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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