Tile Shop: 3 Different Insiders Have Purchased Shares During The Last 30 Days

Mar. 6.14 | About: Tile Shop (TTS)

Summary

Three insiders purchased the stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

Two of these three insiders increased their holdings by more than 10%.

Tile Shop Holdings (NASDAQ:TTS) operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States.

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Insider buying during the last 30 days

Here is a table of Tile Shop's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Peter Kamin Director Feb 28 -March 3 95,600 582,957 shares +19.6%
Peter Jacullo Director Feb 24-28 36,000 39,832 shares +939.5%
Todd Krasnow Director Feb 25 15,000 171,686 shares +9.6%
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There have been 146,600 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Tile Shop's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
March 2014 14,600 0
February 2014 132,000 0
January 2014 0 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 0 209,184
July 2013 0 0
June 2013 0 4,452,656
May 2013 0 459,683
April 2013 0 675,657
March 2013 0 439,665
February 2013 0 0
January 2013 0 0
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There have been 146,600 shares purchased, and there have been 6,236,845 shares sold by insiders since January 2013. The month of February 2014 has seen the most insider buying.

Financials

Tile Shop reported the full-year 2013 financial results on February 20 with the following highlights:

Revenue $229.6 million
Net loss $35.7 million
Cash $1.8 million
Debt $96.4 million
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The insiders purchased their shares after this report.

Outlook

Tile Shop's 2014 guidance is as follows:

Revenue $285-$295 million
EPS $0.43-$0.47
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Competition

Tile Shop's competitors include Home Depot (NYSE:HD), and Lowe's (NYSE:LOW). Here is a table comparing these companies.

Company TTS HD LOW
Market Cap: 872.94M 114.44B 52.00B
Employees: N/A 300,000 250,000
Qtrly Rev Growth (yoy): 0.25 -0.03 0.06
Revenue: 229.56M 78.81B 53.42B
Gross Margin: 0.70 0.35 0.35
EBITDA: 46.62M 10.92B 5.71B
Operating Margin: 0.14 0.12 0.08
Net Income: -35.66M 5.38B 2.27B
EPS: -0.72 3.76 2.14
P/E: N/A 22.02 23.58
PEG (5 yr expected): 1.55 1.13 1.17
P/S: 3.75 1.45 0.98
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Tile Shop has the fastest revenue growth among these three companies.

Here is a table of these competitors' insider activities during the last six months.

Company Insider buying / shares Insider selling / shares
HD 10,313 127,272
LOW 0 196,262
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Only Tile Shop has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying Tile Shop, and there have not been any insiders selling Tile Shop during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Tile Shop has an insider ownership of 52.39%.

The insiders purchased their shares at prices ranging from $15.43 to $15.56. I believe Tile Shop could be a good pick below $15.56 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in TTS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.