Tile Shop Holdings Inc. (NASDAQ:TTS) issued its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Tile Shop Holdings had a net margin of 6.75% and a return on equity of 18.43%. The business earned $78.60 million during the quarter, compared to analysts’ expectations of $78.59 million.
Shares of Tile Shop Holdings (NASDAQ:TTS) opened at 16.75 on Tuesday. The firm has a market cap of $862.91 million, a PE ratio of 40.85 and a beta of 2.07. The stock has a 50 day moving average of $16.16 and a 200 day moving average of $17.37. Tile Shop Holdings has a 1-year low of $12.40 and a 1-year high of $21.05.
Several research analysts have recently issued reports on TTS shares. Zacks Investment Research cut shares of Tile Shop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Citigroup Inc. decreased their price target on shares of Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tile Shop Holdings presently has a consensus rating of “Hold” and a consensus price target of $19.50.
In related news, Director Todd Krasnow sold 10,000 shares of Tile Shop Holdings stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $17.14, for a total value of $171,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Rucker sold 50,000 shares of Tile Shop Holdings stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $17.04, for a total transaction of $852,000.00. The disclosure for this sale can be found here. Insiders own 26.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Rational Advisors LLC bought a new stake in shares of Tile Shop Holdings during the second quarter worth about $153,000. Picton Mahoney Asset Management bought a new stake in shares of Tile Shop Holdings during the second quarter worth about $249,000. BlackRock Inc. raised its stake in shares of Tile Shop Holdings by 654.8% in the second quarter. BlackRock Inc. now owns 12,537 shares of the company’s stock worth $249,000 after buying an additional 10,876 shares during the period. Summit Securities Group LLC bought a new stake in shares of Tile Shop Holdings during the second quarter worth about $267,000. Finally, BlackRock Advisors LLC raised its stake in shares of Tile Shop Holdings by 17.2% in the second quarter. BlackRock Advisors LLC now owns 15,568 shares of the company’s stock worth $309,000 after buying an additional 2,282 shares during the period. Institutional investors and hedge funds own 64.27% of the company’s stock.
Receive News & Ratings for Tile Shop Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.