Tile Shop Holdings Inc (NASDAQ:TTS) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $7.50.
Several equities analysts have recently issued reports on TTS shares. Telsey Advisory Group lifted their price target on Tile Shop from $5.50 to $6.00 and gave the company an “underperform” rating in a research report on Friday, October 19th. Robert W. Baird lowered their price target on Tile Shop from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, October 19th. Loop Capital lowered their price target on Tile Shop to $7.00 and set a “positive” rating on the stock in a research report on Friday, October 5th. BidaskClub cut Tile Shop from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Finally, Citigroup started coverage on Tile Shop in a research report on Wednesday, October 10th. They set a “buy” rating and a $9.00 price target on the stock.
Shares of TTS stock opened at $6.99 on Friday. Tile Shop has a 1 year low of $5.15 and a 1 year high of $10.50. The firm has a market cap of $365.10 million, a PE ratio of 21.84, a PEG ratio of 1.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 2.44.
Tile Shop (NASDAQ:TTS) last issued its quarterly earnings results on Thursday, October 18th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Tile Shop had a return on equity of 6.22% and a net margin of 1.19%. The company had revenue of $89.26 million for the quarter, compared to analysts’ expectations of $87.12 million. During the same period last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts expect that Tile Shop will post 0.22 earnings per share for the current year.
In related news, Director Todd Krasnow sold 40,000 shares of Tile Shop stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $6.06, for a total value of $242,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter J. Jacullo III bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average price of $5.35 per share, for a total transaction of $107,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 493,191 shares of company stock worth $2,925,021 over the last 90 days. Insiders own 25.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of Tile Shop by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 700,846 shares of the company’s stock valued at $5,396,000 after buying an additional 80,329 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Tile Shop by 12.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 198,175 shares of the company’s stock valued at $1,526,000 after buying an additional 22,272 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Tile Shop by 0.4% during the second quarter. BlackRock Inc. now owns 5,829,618 shares of the company’s stock valued at $44,888,000 after buying an additional 23,398 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tile Shop by 31.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,770 shares of the company’s stock valued at $16,192,000 after buying an additional 499,380 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Tile Shop by 3.5% during the second quarter. Bank of America Corp DE now owns 337,719 shares of the company’s stock valued at $2,600,000 after buying an additional 11,423 shares in the last quarter. Institutional investors and hedge funds own 63.96% of the company’s stock.
About Tile Shop
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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