Shares of Tile Shop Holdings, Inc. (NASDAQ:TTS) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $8.90.
TTS has been the topic of several research reports. Zacks Investment Research lowered Tile Shop from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded Tile Shop from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Piper Jaffray Companies lowered Tile Shop from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $16.00 to $14.00 in a research report on Wednesday, September 27th. Telsey Advisory Group lowered Tile Shop from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $7.00 in a research report on Tuesday, October 3rd. Finally, CJS Securities lowered Tile Shop from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research report on Tuesday, October 3rd.
Tile Shop (NASDAQ:TTS) traded up $0.45 on Friday, hitting $9.75. The stock had a trading volume of 1,098,586 shares, compared to its average volume of 642,536. The company has a quick ratio of 0.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.04. Tile Shop has a 52-week low of $8.08 and a 52-week high of $22.40. The stock has a market capitalization of $477.25, a PE ratio of 21.28, a PEG ratio of 0.90 and a beta of 1.73.
Tile Shop (NASDAQ:TTS) last posted its earnings results on Tuesday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Tile Shop had a return on equity of 15.40% and a net margin of 5.38%. The firm had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84.05 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. analysts forecast that Tile Shop will post 0.41 earnings per share for the current fiscal year.
In other Tile Shop news, Director Peter J. Jacullo III purchased 48,767 shares of the stock in a transaction dated Thursday, October 19th. The shares were purchased at an average cost of $8.53 per share, with a total value of $415,982.51. Following the completion of the acquisition, the director now directly owns 490,075 shares in the company, valued at approximately $4,180,339.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Todd Krasnow purchased 10,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of $9.01 per share, for a total transaction of $90,100.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 328,795 shares of company stock worth $2,794,288. Corporate insiders own 24.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Tile Shop by 0.8% in the second quarter. BlackRock Inc. now owns 4,439,098 shares of the company’s stock worth $91,667,000 after buying an additional 36,762 shares in the last quarter. Vanguard Group Inc. increased its position in Tile Shop by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock worth $61,603,000 after buying an additional 94,168 shares in the last quarter. Alliancebernstein L.P. increased its position in Tile Shop by 17.2% in the second quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock worth $33,610,000 after buying an additional 238,874 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Tile Shop in the third quarter worth about $12,874,000. Finally, Dimensional Fund Advisors LP increased its position in Tile Shop by 18.2% in the third quarter. Dimensional Fund Advisors LP now owns 849,151 shares of the company’s stock worth $10,784,000 after buying an additional 130,919 shares in the last quarter. Institutional investors own 66.77% of the company’s stock.
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Tile Shop 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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