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Tile Shop Holdings, Inc. (NASDAQ:TTSH), a specialty retailer with a market capitalization of $306 million and impressive gross profit margins of 66%, experienced significant stock transactions as reported in a recent SEC filing. According to InvestingPro data, the company maintains strong liquidity with current assets exceeding short-term obligations. On March 4th, 5th, and 6th, a total of 77,500 shares of common stock were acquired by investment entities affiliated with Pleasant Lake Partners LLC and PLP Funds Master Fund LP. The transactions amounted to $541,625, with purchase prices ranging from $6.8501 to $7.0945 per share. These acquisitions increased the total shares owned by these entities to 11,530,060 shares. Based on InvestingPro analysis, the stock is currently trading above its Fair Value, with 7 additional ProTips and a comprehensive Pro Research Report available for deeper insight into the company’s fundamentals and growth prospects.
In other recent news, Tile Shop Holdings Inc . reported its financial results for the fourth quarter of 2024, revealing a slight miss in earnings per share (EPS) and revenue compared to expectations. The company posted an EPS of -$0.01, falling short of the forecasted $0.01, while revenue came in at $79.45 million, below the projected $93.4 million. Despite these results, the company ended 2024 with a strong cash position of $21 million and no bank debt. Tile Shop Holdings announced no plans for new store openings in 2025, focusing instead on optimizing existing operations. The company also plans to close two unprofitable stores, reducing its total store count to 140. In addition, Tile Shop Holdings improved its annual gross margin by 130 basis points to 65.7%, reflecting effective cost management. The company remains optimistic about a potential recovery in the housing market, which could bolster future performance. Management highlighted ongoing efforts to expand their selection of competitively priced products to attract a broader customer base.
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