Tile Shop Hldgs, Inc. (TTS) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,692 shares of the company’s stock after buying an additional 134 shares during the period. PNC Financial Services Group Inc.’s holdings in Tile Shop Hldgs were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TTS. Louisiana State Employees Retirement System raised its position in Tile Shop Hldgs by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock valued at $258,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in Tile Shop Hldgs by 1.2% in the first quarter. Arizona State Retirement System now owns 17,200 shares of the company’s stock valued at $331,000 after buying an additional 200 shares in the last quarter. 1st Global Advisors Inc. raised its position in Tile Shop Hldgs by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 21,554 shares of the company’s stock valued at $415,000 after buying an additional 315 shares in the last quarter. Mason Street Advisors LLC raised its position in Tile Shop Hldgs by 6.8% in the first quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock valued at $148,000 after buying an additional 494 shares in the last quarter. Finally, Comerica Bank raised its position in Tile Shop Hldgs by 0.9% in the first quarter. Comerica Bank now owns 78,918 shares of the company’s stock valued at $1,713,000 after buying an additional 715 shares in the last quarter. 68.65% of the stock is currently owned by institutional investors and hedge funds.

Tile Shop Hldgs, Inc. (TTS) traded up 1.03% during midday trading on Wednesday, hitting $14.75. 237,805 shares of the stock were exchanged. The company has a market capitalization of $765.86 million, a P/E ratio of 36.88 and a beta of 1.87. Tile Shop Hldgs, Inc. has a 1-year low of $13.30 and a 1-year high of $22.40. The company’s 50 day moving average is $16.88 and its 200 day moving average is $18.87.

Tile Shop Hldgs (NASDAQ:TTS) last issued its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. Analysts predict that Tile Shop Hldgs, Inc. will post $0.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, July 28th. Tile Shop Hldgs’s dividend payout ratio is currently 50.00%.

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Several equities analysts have commented on the stock. BidaskClub raised shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 target price (down from $18.00) on shares of Tile Shop Hldgs in a report on Friday, July 21st. Zacks Investment Research lowered shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Piper Jaffray Companies set a $19.00 target price on shares of Tile Shop Hldgs and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Loop Capital initiated coverage on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. They issued a “hold” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.17.

In other news, Director Robert A. Rucker sold 14,801 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $20.69, for a total transaction of $306,232.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Nabron International Inc. sold 41,827 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $20.44, for a total value of $854,943.88. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 259,454 shares of company stock valued at $3,710,115 and sold 901,623 shares valued at $18,097,316. 24.30% of the stock is owned by corporate insiders.

Institutional Ownership by Quarter for Tile Shop Hldgs (NASDAQ:TTS)

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