Tile Shop Holdings Inc (NASDAQ:TTS) Short Interest Update

Tile Shop Holdings Inc (NASDAQ:TTS) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 4,874,900 shares, an increase of 10.5% from the May 15th total of 4,413,400 shares. Approximately 12.7% of the shares of the stock are short sold. Based on an average daily volume of 398,800 shares, the short-interest ratio is presently 12.2 days.

In other news, Director Peter J. Jacullo III acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $4.19 per share, with a total value of $83,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have acquired 120,000 shares of company stock valued at $488,500. Corporate insiders own 27.70% of the company’s stock.

Several institutional investors have recently modified their holdings of TTS. Brown Advisory Inc. bought a new stake in shares of Tile Shop during the 4th quarter worth approximately $4,606,000. GSA Capital Partners LLP bought a new position in Tile Shop in the 4th quarter valued at approximately $801,000. Skylands Capital LLC lifted its stake in Tile Shop by 37.5% in the 1st quarter. Skylands Capital LLC now owns 528,050 shares of the company’s stock valued at $2,989,000 after purchasing an additional 143,950 shares during the last quarter. Lapides Asset Management LLC lifted its stake in Tile Shop by 27.5% in the 1st quarter. Lapides Asset Management LLC now owns 665,900 shares of the company’s stock valued at $3,769,000 after purchasing an additional 143,500 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Tile Shop by 1,082.9% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 153,201 shares of the company’s stock valued at $840,000 after purchasing an additional 140,250 shares during the last quarter. 64.51% of the stock is owned by institutional investors.

TTS traded down $0.05 on Friday, reaching $4.08. The company had a trading volume of 993,805 shares, compared to its average volume of 359,155. Tile Shop has a fifty-two week low of $3.70 and a fifty-two week high of $9.40. The firm has a market cap of $214.89 million, a PE ratio of 20.40, a P/E/G ratio of 1.03 and a beta of 1.62. The firm’s fifty day simple moving average is $4.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.30 and a current ratio of 1.59.

Tile Shop (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). The business had revenue of $86.90 million during the quarter, compared to the consensus estimate of $93.31 million. Tile Shop had a net margin of 2.20% and a return on equity of 5.19%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Research analysts forecast that Tile Shop will post 0.16 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on TTS shares. BidaskClub cut shares of Zynga from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Zacks Investment Research cut shares of Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Citigroup lifted their price target on shares of Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price target (down from $7.50) on shares of Tile Shop in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.50.

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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