BidaskClub cut shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) from a buy rating to a hold rating in a research note released on Thursday, September 14th.
Other research analysts have also recently issued research reports about the company. Piper Jaffray Companies set a $19.00 target price on Tile Shop Hldgs and gave the stock a buy rating in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Tile Shop Hldgs from a sell rating to a hold rating in a research report on Thursday, September 14th. Stifel Nicolaus reiterated a hold rating and issued a $15.00 price objective (down previously from $18.00) on shares of Tile Shop Hldgs in a research note on Friday, July 21st. Loop Capital started coverage on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. They issued a hold rating and a $15.00 price objective for the company. Finally, Telsey Advisory Group restated a market perform rating and set a $17.00 price objective (down previously from $21.00) on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating, Tile Shop Hldgs currently has an average rating of Hold and a consensus target price of $16.33.
Shares of Tile Shop Hldgs (NASDAQ TTS) opened at 13.20 on Thursday. The company has a market cap of $685.40 million, a P/E ratio of 33.00 and a beta of 1.80. Tile Shop Hldgs has a 12 month low of $12.05 and a 12 month high of $22.40. The firm has a 50 day moving average price of $14.82 and a 200-day moving average price of $18.01.
Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The company had revenue of $89.50 million during the quarter, compared to analyst estimates of $93.20 million. During the same quarter last year, the company posted $0.14 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Tile Shop Hldgs will post $0.52 earnings per share for the current fiscal year.
In related news, CEO Chris Homeister purchased 9,000 shares of Tile Shop Hldgs stock in a transaction dated Friday, July 21st. The shares were bought at an average cost of $13.98 per share, for a total transaction of $125,820.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert A. Rucker sold 100,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $20.16, for a total transaction of $2,016,000.00. The disclosure for this sale can be found here. Insiders have purchased a total of 259,454 shares of company stock worth $3,710,115 in the last quarter. 24.30% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of TTS. Bank of Montreal Can boosted its position in Tile Shop Hldgs by 7.7% in the second 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. BNP Paribas Arbitrage SA increased its holdings in shares of Tile Shop Hldgs by 13.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock worth $132,000 after buying an additional 802 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Tile Shop Hldgs by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock valued at $134,000 after acquiring an additional 2,885 shares during the last quarter. Mason Street Advisors LLC lifted its stake in shares of Tile Shop Hldgs by 6.8% in the 1st quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock valued at $148,000 after acquiring an additional 494 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Tile Shop Hldgs by 14.7% during the 1st quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock valued at $157,000 after acquiring an additional 1,046 shares in the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.
About Tile Shop Hldgs
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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