Engineers Gate Manager LP acquired a new position in Tile Shop Holdings, Inc. (NASDAQ:TTS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,412 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also added to or reduced their stakes in the stock. Citadel Advisors LLC raised its holdings in Tile Shop by 529.9% in the second quarter. Citadel Advisors LLC now owns 27,416 shares of the company’s stock worth $566,000 after purchasing an additional 33,794 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Tile Shop by 29.1% in the second quarter. New York State Common Retirement Fund now owns 80,546 shares of the company’s stock worth $1,663,000 after purchasing an additional 18,164 shares in the last quarter. Skylands Capital LLC raised its holdings in Tile Shop by 41.9% in the third quarter. Skylands Capital LLC now owns 634,250 shares of the company’s stock worth $8,055,000 after purchasing an additional 187,195 shares in the last quarter. Vanguard Group Inc. raised its holdings in Tile Shop by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock worth $61,603,000 after purchasing an additional 94,168 shares in the last quarter. Finally, State Street Corp raised its holdings in Tile Shop by 6.7% in the first quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after purchasing an additional 47,340 shares in the last quarter. 66.79% of the stock is owned by institutional investors.

A number of brokerages have commented on TTS. BidaskClub upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $8.50 target price (down from $14.00) on shares of Tile Shop in a report on Tuesday, October 3rd. Citigroup reduced their target price on shares of Tile Shop from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, October 18th. Finally, Telsey Advisory Group downgraded shares of Tile Shop from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $17.00 to $7.00 in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.92.

In related news, Director Peter J. Jacullo III acquired 48,767 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $415,982.51. Following the completion of the acquisition, the director now directly owns 490,075 shares in the company, valued at approximately $4,180,339.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher Thomas Cook acquired 22,200 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price of $8.42 per share, for a total transaction of $186,924.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 318,795 shares of company stock worth $2,704,188. Corporate insiders own 24.30% of the company’s stock.

Tile Shop Holdings, Inc. (NASDAQ TTS) opened at $9.15 on Monday. 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. The stock has a market cap of $477.25, a PE ratio of 21.28, a PEG ratio of 0.90 and a beta of 1.73.

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

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Tile Shop Company 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.

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

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