Tile Shop Hldgs, Inc. (NASDAQ:TTS) declared a quarterly dividend on Wednesday, October 18th, Wall Street Journal reports. Shareholders of record on Tuesday, October 31st will be given a dividend of 0.05 per share on Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, October 30th.
Tile Shop Hldgs (NASDAQ TTS) traded down 5.85% during trading on Friday, reaching $8.85. The company’s stock had a trading volume of 1,407,992 shares. Tile Shop Hldgs has a 52-week low of $8.20 and a 52-week high of $22.40. The firm has a 50 day moving average price of $11.84 and a 200-day moving average price of $16.75. The stock has a market cap of $460.83 million, a price-to-earnings ratio of 24.79 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last announced its earnings results on Tuesday, October 17th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $84.40 million during the quarter, compared to analyst estimates of $84.05 million. Tile Shop Hldgs had a net margin of 5.38% and a return on equity of 15.40%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. On average, analysts expect that Tile Shop Hldgs will post $0.41 earnings per share for the current year.
Several analysts have recently issued reports on TTS shares. Citigroup Inc. decreased their target price on shares of Tile Shop Hldgs from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 18th. BidaskClub lowered shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Loop Capital reduced their price objective on shares of Tile Shop Hldgs from $12.00 to $9.00 and set a “hold” rating on the stock in a research report on Friday, October 13th. TheStreet downgraded shares of Tile Shop Hldgs from a “b-” rating to a “c” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.92.
In other Tile Shop Hldgs news, Director Peter J. Jacullo III bought 48,767 shares of Tile Shop Hldgs stock in a transaction that occurred on Thursday, October 19th. The stock was purchased at an average price of $8.53 per share, with a total value of $415,982.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirk Geadelmann bought 5,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Monday, October 23rd. The shares were acquired at an average cost of $9.25 per share, with a total value of $46,250.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 58,767 shares of company stock valued at $505,983. Corporate insiders own 24.30% of the company’s stock.
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Tile Shop Hldgs 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.
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