Tile Shop Holdings Inc (NASDAQ:TTS) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 5,464,900 shares, a growth of 15.5% from the June 30th total of 4,730,500 shares. Approximately 14.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 538,700 shares, the days-to-cover ratio is presently 10.1 days.
Several equities analysts have weighed in on TTS shares. Zacks Investment Research cut Tile Shop from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. ValuEngine upgraded Tile Shop from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Telsey Advisory Group cut Tile Shop from a “market perform” rating to an “underperform” rating and cut their price target for the company from $5.00 to $2.50 in a report on Tuesday, July 23rd. BidaskClub cut Tile Shop from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Finally, Loop Capital lowered their price objective on Tile Shop from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $5.42.
Shares of NASDAQ:TTS traded down $0.22 during trading on Thursday, hitting $2.34. The company had a trading volume of 439,734 shares, compared to its average volume of 449,253. The stock has a market cap of $122.19 million, a price-to-earnings ratio of 11.70 and a beta of 1.50. Tile Shop has a one year low of $2.27 and a one year high of $8.20. The company has a fifty day simple moving average of $3.40 and a two-hundred day simple moving average of $4.95. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.70 and a quick ratio of 0.28.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Monday, July 29th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend was Friday, July 26th. Tile Shop’s payout ratio is 100.00%.
In other news, Director Peter J. Jacullo III purchased 105,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $2.51 per share, for a total transaction of $263,550.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 265,000 shares of company stock valued at $854,450 in the last 90 days. 27.70% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Tile Shop by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,997 shares of the company’s stock worth $12,609,000 after acquiring an additional 7,983 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tile Shop by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 442,747 shares of the company’s stock worth $2,426,000 after acquiring an additional 36,980 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Tile Shop by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 316,970 shares of the company’s stock worth $1,737,000 after acquiring an additional 2,059 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of Tile Shop by 352.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,193 shares of the company’s stock worth $78,000 after acquiring an additional 11,054 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Tile Shop during the 4th quarter worth approximately $61,000. 66.10% of the stock is owned by institutional investors and hedge funds.
Tile Shop Company Profile
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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