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Tile Shop Holdings, Inc. (NASDAQ:TTSH), currently trading at $6.48 with a market capitalization of $290 million, has reported a series of insider purchases by its significant shareholders, indicating a notable acquisition of shares. According to a recent SEC filing, the transactions, which occurred on various dates from March 27 to March 31, involved the purchase of a total of 23,708 shares, amounting to approximately $147,323. The share prices for these transactions ranged from $6.4799 to $6.5339. InvestingPro analysis suggests the stock is currently trading above its Fair Value.
The purchases were carried out by Pleasant Lake Partners LLC, PLP Funds Master Fund LP, and Fund 1 Investments, LLC, all of which are significant stakeholders in the company. These entities are interconnected, with Fund 1 Investments, LLC serving as the managing member of Pleasant Lake Partners LLC. The transactions further consolidate their investment in Tile Shop Holdings, a company known for its retail operations in home furniture, furnishings, and equipment stores. The company maintains impressive gross profit margins of 65.7% and strong liquidity, with current assets exceeding short-term obligations.Discover more insights about TTSH and 1,400+ other stocks with InvestingPro’s comprehensive research reports, which transform complex financial data into actionable intelligence.
The acquisition of these shares reflects continued interest and confidence in the company’s prospects by its major investors, despite the stock’s relatively high P/E ratio of 122x.
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) compared to expectations. The company posted an EPS of -$0.01, falling short of the forecasted $0.01. Revenue for the quarter was $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. The company also noted a decrease in comparable store sales by 5.8% for the quarter and 7.8% for the full year. Tile Shop Holdings plans to focus on optimizing existing operations rather than expanding its store footprint, with no new store openings planned for 2025. The company anticipates closing two unprofitable stores in 2025, reducing the total store count to 140. Management remains optimistic about a potential recovery in the housing market, which could bolster future performance.
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