BidaskClub downgraded shares of Tile Shop (NASDAQ:TTS) from a hold rating to a sell rating in a research report report published on Thursday, BidAskClub reports.
TTS has been the topic of several other reports. Zacks Investment Research lowered Tile Shop from a buy rating to a hold rating in a research report on Wednesday, December 19th. ValuEngine raised Tile Shop from a sell rating to a hold rating in a research report on Thursday, December 20th. Finally, Robert W. Baird reissued a hold rating and set a $6.00 price target on shares of Tile Shop in a research report on Sunday, January 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Tile Shop has a consensus rating of Hold and a consensus target price of $7.50.
Shares of NASDAQ TTS opened at $5.60 on Thursday. Tile Shop has a 12 month low of $5.25 and a 12 month high of $9.50. The firm has a market cap of $296.36 million, a PE ratio of 28.00, a P/E/G ratio of 0.92 and a beta of 1.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.58 and a quick ratio of 0.40.
Tile Shop (NASDAQ:TTS) last announced its earnings results on Tuesday, February 19th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Tile Shop had a net margin of 2.92% and a return on equity of 7.07%. The company had revenue of $83.90 million for the quarter, compared to analysts’ expectations of $84.04 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, research analysts anticipate that Tile Shop will post 0.25 earnings per share for the current fiscal year.
In other Tile Shop news, Director Peter J. Jacullo III purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $5.92 per share, with a total value of $118,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 80,000 shares of company stock worth $487,400 over the last three months. 25.90% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in Tile Shop by 1.6% in the 4th quarter. BlackRock Inc. now owns 6,448,065 shares of the company’s stock worth $35,336,000 after purchasing an additional 103,358 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Tile Shop by 11.5% during the 3rd quarter. Vanguard Group Inc now owns 3,034,218 shares of the company’s stock valued at $21,695,000 after acquiring an additional 313,778 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Tile Shop by 11.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,034,218 shares of the company’s stock valued at $21,695,000 after acquiring an additional 313,778 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tile Shop by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,997 shares of the company’s stock valued at $12,609,000 after acquiring an additional 7,983 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Tile Shop by 69.4% during the 4th quarter. Tocqueville Asset Management L.P. now owns 1,164,500 shares of the company’s stock valued at $6,381,000 after acquiring an additional 477,000 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.
Tile Shop Company Profile
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 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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