Tile Shop Hldgs, Inc. (NASDAQ:TTS) had its target price decreased by Citigroup Inc. from $11.00 to $9.00 in a research note published on Wednesday, October 18th. Citigroup Inc. currently has a neutral rating on the stock.
A number of other equities analysts have also commented on TTS. Zacks Investment Research lowered Tile Shop Hldgs from a hold rating to a sell rating in a research note on Friday, July 21st. Telsey Advisory Group reiterated a market perform rating and issued a $17.00 price objective (down from $21.00) on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. TheStreet lowered Tile Shop Hldgs from a b- rating to a c rating in a research note on Wednesday, October 11th. CJS Securities lowered Tile Shop Hldgs from an outperform rating to a market perform rating and set a $10.00 price target on the stock. in a research note on Tuesday, October 3rd. Finally, Loop Capital restated a hold rating and set a $12.00 price target (down from $15.00) on shares of Tile Shop Hldgs in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Tile Shop Hldgs currently has a consensus rating of Hold and an average target price of $8.92.
Tile Shop Hldgs (TTS) opened at 9.40 on Wednesday. The firm has a 50-day moving average price of $11.84 and a 200 day moving average price of $16.75. Tile Shop Hldgs has a 52-week low of $8.20 and a 52-week high of $22.40. The firm has a market capitalization of $489.47 million, a P/E ratio of 26.33 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Tile Shop Hldgs had a return on equity of 15.40% and a net margin of 5.38%. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.05 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts forecast that Tile Shop Hldgs will post $0.41 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, October 30th. Tile Shop Hldgs’s payout ratio is 55.56%.
In other news, Director Peter J. Jacullo III bought 48,767 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was acquired at an average cost of $8.53 per share, for a total transaction of $415,982.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kirk Geadelmann bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was purchased at an average price of $8.75 per share, with a total value of $43,750.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 58,767 shares of company stock valued at $505,983 in the last quarter. Corporate insiders own 24.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TTS. Voya Investment Management LLC increased its holdings in shares of Tile Shop Hldgs by 4,014.4% during the second quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock worth $10,061,000 after purchasing an additional 475,344 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Tile Shop Hldgs by 300.1% during the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after purchasing an additional 263,745 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Tile Shop Hldgs by 17.2% during the second quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock worth $33,610,000 after purchasing an additional 238,874 shares during the period. Jennison Associates LLC bought a new position in shares of Tile Shop Hldgs during the second quarter worth approximately $4,860,000. Finally, Skylands Capital LLC increased its holdings in shares of Tile Shop Hldgs by 41.9% during the third quarter. Skylands Capital LLC now owns 634,250 shares of the company’s stock worth $8,055,000 after purchasing an additional 187,195 shares during the period. 68.33% of the stock is currently owned by institutional investors.
About Tile Shop Hldgs
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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