Tile Shop Hldgs, Inc. (NASDAQ:TTS) released its earnings results on Tuesday, October 17th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01, Bloomberg Earnings reports. Tile Shop Hldgs had a return on equity of 15.40% and a net margin of 5.38%. The company had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.05 million. During the same quarter in the previous year, the company posted $0.10 EPS. Tile Shop Hldgs’s quarterly revenue was up 7.4% compared to the same quarter last year.
Shares of Tile Shop Hldgs (TTS) traded down 5.85% on Friday, hitting $8.85. The stock had a trading volume of 1,408,258 shares. The company has a market cap of $460.83 million, a P/E ratio of 24.79 and a beta of 1.79. The company’s 50 day moving average price is $11.84 and its 200-day moving average price is $16.75. Tile Shop Hldgs has a 12 month low of $8.20 and a 12 month high of $22.40.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, October 30th. Tile Shop Hldgs’s payout ratio is currently 55.56%.
In other news, Director Peter J. Jacullo III acquired 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, for a total transaction of $415,982.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website
. Also, CFO Kirk Geadelmann acquired 5,000 shares of Tile Shop Hldgs 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
. In the last ninety days, insiders have acquired 58,767 shares of company stock worth $505,983. Corporate insiders own 24.30% of the company’s stock.
Several institutional investors have recently modified their holdings of TTS. Bank of Montreal Can grew its stake in Tile Shop Hldgs by 7.7% in the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock worth $120,000 after acquiring an additional 416 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Tile Shop Hldgs by 13.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock valued at $132,000 after buying an additional 802 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Tile Shop Hldgs by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock valued at $134,000 after buying an additional 2,885 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Tile Shop Hldgs during the 3rd quarter valued at $144,000. Finally, Mason Street Advisors LLC boosted its position in Tile Shop Hldgs by 6.8% during the 1st quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock worth $148,000 after purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 68.33% of the company’s stock.
Several equities analysts have recently issued reports on TTS shares. Telsey Advisory Group reissued a “market perform” rating and set a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. Citigroup Inc. reduced their target price on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 19th. Loop Capital assumed coverage on Tile Shop Hldgs in a research note on Wednesday, July 19th. They issued a “hold” rating and a $15.00 price target on the stock. Piper Jaffray Companies set a $19.00 price target on Tile Shop Hldgs and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, Zacks Investment Research cut Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Tile Shop Hldgs presently has an average rating of “Hold” and a consensus target price of $8.92.
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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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