Tile Shop Holdings, Inc. (TTS) Given Average Recommendation of “Hold” by Brokerages

Shares of Tile Shop Holdings, Inc. (NASDAQ:TTS) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.90.

A number of brokerages have recently commented on TTS. BidaskClub lowered Tile Shop from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Zacks Investment Research raised Tile Shop from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Piper Jaffray Companies lowered Tile Shop from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $14.00 in a report on Wednesday, September 27th. CJS Securities lowered Tile Shop from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Tuesday, October 3rd. Finally, Telsey Advisory Group lowered Tile Shop from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $17.00 to $7.00 in a report on Tuesday, October 3rd.

Tile Shop (TTS) opened at $9.85 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.39 and a current ratio of 1.55. The company has a market capitalization of $521.58, a PE ratio of 27.36, a PEG ratio of 0.96 and a beta of 1.73. Tile Shop has a fifty-two week low of $8.08 and a fifty-two week high of $22.40.

Tile Shop (NASDAQ:TTS) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. The business had revenue of $84.40 million for the quarter, compared to analyst estimates of $84.05 million. Tile Shop had a return on equity of 15.40% and a net margin of 5.38%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. analysts expect that Tile Shop will post 0.41 earnings per share for the current year.

In other news, Director Peter J. Jacullo III acquired 187,828 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were bought at an average price of $8.48 per share, with a total value of $1,592,781.44. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Todd Krasnow acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $9.01 per share, for a total transaction of $90,100.00. The disclosure for this purchase can be found here. Insiders acquired a total of 328,795 shares of company stock worth $2,794,288 in the last ninety days. Insiders own 24.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Tile Shop by 13.0% during the 2nd quarter. Victory Capital Management Inc. now owns 9,236 shares of the company’s stock worth $191,000 after purchasing an additional 1,065 shares in the last quarter. HAP Trading LLC bought a new position in shares of Tile Shop during the 2nd quarter worth approximately $208,000. HL Financial Services LLC bought a new position in shares of Tile Shop during the 3rd quarter worth approximately $130,000. BNP Paribas Arbitrage SA lifted its position in shares of Tile Shop by 52.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,462 shares of the company’s stock worth $216,000 after buying an additional 3,595 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Tile Shop during the 3rd quarter worth approximately $144,000. 66.77% of the stock is currently owned by institutional investors.

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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 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.

Analyst Recommendations for Tile Shop (NASDAQ:TTS)

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