Tile Shop Holdings Inc (NASDAQ:TTS) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.50.
TTS has been the topic of several recent research reports. BidaskClub downgraded shares of Tile Shop from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $5.00 target price (down from $7.50) on shares of Tile Shop in a research report on Wednesday, May 1st. Citigroup downgraded shares of Tile Shop from a “buy” rating to a “neutral” rating and cut their target price for the stock from $9.00 to $5.50 in a research report on Wednesday, May 1st. Finally, ValuEngine downgraded shares of Tile Shop from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.
In other news, Director Peter J. Jacullo III purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of $4.19 per share, for a total transaction of $83,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 120,000 shares of company stock worth $488,500 in the last 90 days. Corporate insiders own 27.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. lifted its position in shares of Tile Shop by 6,798.5% during the 4th quarter. Citigroup Inc. now owns 4,622 shares of the company’s stock valued at $25,000 after acquiring an additional 4,555 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Tile Shop by 1,076.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,529 shares of the company’s stock valued at $48,000 after acquiring an additional 7,804 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Tile Shop during the 4th quarter valued at $61,000. Accredited Investors Inc. acquired a new position in shares of Tile Shop during the 4th quarter valued at $65,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Tile Shop by 352.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,193 shares of the company’s stock valued at $78,000 after acquiring an additional 11,054 shares during the period. Hedge funds and other institutional investors own 64.51% of the company’s stock.
NASDAQ:TTS traded down $0.04 during mid-day trading on Wednesday, hitting $3.86. 349,700 shares of the company’s stock were exchanged, compared to its average volume of 392,462. The stock’s 50 day moving average is $4.28. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.59 and a quick ratio of 0.30. Tile Shop has a fifty-two week low of $3.70 and a fifty-two week high of $9.50. The company has a market cap of $207.08 million, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.00 and a beta of 1.75.
Tile Shop (NASDAQ:TTS) last posted its earnings results on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Tile Shop had a return on equity of 5.19% and a net margin of 2.20%. The business had revenue of $86.90 million for the quarter, compared to analyst estimates of $93.31 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts forecast that Tile Shop will post 0.16 earnings per share for the current year.
About Tile Shop
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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