Tile Shop Holdings Inc (NASDAQ:TTS) has received an average recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.67.
A number of equities analysts have recently commented on TTS shares. Zacks Investment Research lowered shares of Tile Shop from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Citigroup started coverage on shares of Tile Shop in a report on Wednesday, October 10th. They issued a “buy” rating and a $9.00 price target on the stock. Telsey Advisory Group increased their price target on shares of Tile Shop from $5.50 to $6.00 and gave the stock an “underperform” rating in a report on Friday, October 19th. BidaskClub lowered shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, CJS Securities raised shares of Tile Shop to a “buy” rating in a report on Tuesday, September 18th.
Shares of NASDAQ:TTS traded up $0.05 during trading on Friday, reaching $5.81. The company had a trading volume of 450,792 shares, compared to its average volume of 688,870. The firm has a market capitalization of $303.89 million, a price-to-earnings ratio of 18.16, a PEG ratio of 1.04 and a beta of 1.99. Tile Shop has a 12 month low of $5.15 and a 12 month high of $10.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.44 and a quick ratio of 0.46.
Tile Shop (NASDAQ:TTS) last issued its quarterly earnings results on Thursday, October 18th. The company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. The firm had revenue of $89.26 million for the quarter, compared to analyst estimates of $87.12 million. Tile Shop had a net margin of 1.19% and a return on equity of 6.22%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts expect that Tile Shop will post 0.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, October 26th. Tile Shop’s dividend payout ratio is currently 62.50%.
In other Tile Shop news, Director Peter J. Jacullo III bought 21,077 shares of Tile Shop stock in a transaction that occurred on Thursday, September 13th. The shares were bought at an average price of $7.14 per share, with a total value of $150,489.78. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter H. Kamin bought 40,000 shares of Tile Shop stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average cost of $5.82 per share, for a total transaction of $232,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 462,264 shares of company stock worth $2,807,608. 25.90% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in TTS. Engineers Gate Manager LP bought a new stake in Tile Shop in the 3rd quarter worth $107,000. Metropolitan Life Insurance Co. NY bought a new stake in Tile Shop in the 2nd quarter worth $109,000. Aperio Group LLC bought a new stake in Tile Shop in the 2nd quarter worth $111,000. Guggenheim Capital LLC grew its holdings in Tile Shop by 55.9% in the 1st quarter. Guggenheim Capital LLC now owns 21,126 shares of the company’s stock worth $127,000 after acquiring an additional 7,576 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in Tile Shop in the 2nd quarter worth $154,000. 64.01% of the stock is currently owned by institutional investors and hedge funds.
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 marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.
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