Skylands Capital LLC Increases Stake in Tile Shop Holdings, Inc. (TTS)

Skylands Capital LLC lifted its holdings in Tile Shop Holdings, Inc. (NASDAQ:TTS) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 699,058 shares of the company’s stock after acquiring an additional 64,808 shares during the quarter. Skylands Capital LLC’s holdings in Tile Shop were worth $6,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TTS. Victory Capital Management Inc. lifted its position in Tile Shop by 13.0% during the second quarter. Victory Capital Management Inc. now owns 9,236 shares of the company’s stock valued at $191,000 after acquiring an additional 1,065 shares during the last quarter. HL Financial Services LLC purchased a new stake in Tile Shop during the third quarter valued at approximately $130,000. BNP Paribas Arbitrage SA lifted its position in Tile Shop by 52.4% during the second quarter. BNP Paribas Arbitrage SA now owns 10,462 shares of the company’s stock valued at $216,000 after acquiring an additional 3,595 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Tile Shop during the third quarter valued at approximately $144,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in Tile Shop during the third quarter valued at approximately $145,000. 66.77% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on TTS. BidaskClub raised shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research cut shares of Tile Shop from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Piper Jaffray Companies reissued a “neutral” rating and set a $8.50 target price (down previously from $14.00) on shares of Tile Shop in a research report on Tuesday, October 3rd. Citigroup decreased their target price on shares of Tile Shop from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, October 18th. Finally, Loop Capital reissued a “hold” rating on shares of Tile Shop in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.92.

In related news, Director Todd Krasnow purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $9.01 per share, with a total value of $90,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter J. Jacullo III purchased 48,767 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was bought at an average cost of $8.53 per share, with a total value of $415,982.51. Following the acquisition, the director now owns 490,075 shares of the company’s stock, valued at approximately $4,180,339.75. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 328,795 shares of company stock valued at $2,794,288. Corporate insiders own 24.30% of the company’s stock.

Tile Shop Holdings, Inc. (NASDAQ TTS) traded down $0.10 during midday trading on Tuesday, hitting $10.25. 534,600 shares of the company’s stock were exchanged, compared to its average volume of 940,000. The stock has a market capitalization of $534.62, a PE ratio of 28.47, a P/E/G ratio of 0.99 and a beta of 1.73. Tile Shop Holdings, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $22.40. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04.

Tile Shop (NASDAQ:TTS) last posted its quarterly earnings results on Tuesday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The business had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.05 million. Tile Shop had a net margin of 5.38% and a return on equity of 15.40%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. sell-side analysts forecast that Tile Shop Holdings, Inc. will post 0.41 earnings per share for the current year.

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Tile Shop Profile

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 ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.

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

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