Tile Shop Holdings, Inc. (NASDAQ:TTS) Director Todd Krasnow purchased 10,000 shares of Tile Shop stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of $9.01 per share, with a total value of $90,100.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Tile Shop Holdings, Inc. (NASDAQ:TTS) traded up $0.35 during trading hours on Thursday, hitting $10.35. 940,245 shares of the stock traded hands, compared to its average volume of 990,656. Tile Shop Holdings, Inc. has a one year low of $8.08 and a one year high of $22.40. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $513.76, a P/E ratio of 28.75, a PEG ratio of 0.96 and a beta of 1.73.
Tile Shop (NASDAQ:TTS) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.05 million. Tile Shop had a net margin of 5.38% and a return on equity of 15.40%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. equities research analysts predict that Tile Shop Holdings, Inc. will post 0.41 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in shares of Tile Shop by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after buying an additional 416 shares in the last quarter. HL Financial Services LLC purchased a new stake in Tile Shop in the 3rd quarter worth approximately $130,000. Crossmark Global Holdings Inc. purchased a new stake in Tile Shop in the 3rd quarter worth approximately $144,000. Yorktown Management & Research Co Inc purchased a new stake in Tile Shop in the 3rd quarter worth approximately $145,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Tile Shop by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the company’s stock worth $161,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 66.77% of the company’s stock.
TTS has been the topic of several recent analyst reports. Loop Capital reduced their target price on Tile Shop from $12.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, October 13th. Piper Jaffray Companies restated a “neutral” rating and issued a $8.50 price objective (down previously from $14.00) on shares of Tile Shop in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Telsey Advisory Group downgraded shares of Tile Shop from a “market perform” rating to an “underperform” rating and cut their target price for the company from $17.00 to $7.00 in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of Tile Shop from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Tile Shop has a consensus rating of “Hold” and an average price target of $8.92.
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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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