Several other analysts have also recently commented on the company. Zacks Investment Research cut Tile Shop Hldgs from a hold rating to a sell rating in a research report on Thursday, October 5th. Citigroup Inc. lowered their target price on Tile Shop Hldgs from $17.00 to $11.00 and set a neutral rating on the stock in a research report on Wednesday, October 4th. Stifel Nicolaus lowered their target price on Tile Shop Hldgs from $15.00 to $10.00 and set a hold rating on the stock in a research report on Wednesday, October 4th. Loop Capital restated a hold rating and issued a $12.00 target price (down from $15.00) on shares of Tile Shop Hldgs in a research report on Tuesday, October 3rd. Finally, CJS Securities lowered Tile Shop Hldgs from an outperform rating to a market perform rating and set a $10.00 price target for the company. in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Tile Shop Hldgs presently has a consensus rating of Hold and a consensus target price of $9.25.
Tile Shop Hldgs (NASDAQ:TTS) remained flat at $8.35 on Wednesday. The company had a trading volume of 783,152 shares. Tile Shop Hldgs has a 52-week low of $8.25 and a 52-week high of $22.40. The stock has a market cap of $433.56 million, a P/E ratio of 20.88 and a beta of 1.79. The firm has a 50 day moving average of $13.41 and a 200 day moving average of $17.43.
Tile Shop Hldgs (NASDAQ:TTS) last posted its earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the 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 business had revenue of $89.50 million during the quarter, compared to analyst estimates of $93.20 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Tile Shop Hldgs will post $0.43 EPS for the current fiscal year.
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In related news, Director Peter H. Kamin acquired 29,600 shares of Tile Shop Hldgs stock in a transaction dated Tuesday, July 25th. The stock was acquired at an average cost of $13.60 per share, with a total value of $402,560.00. Following the purchase, the director now directly owns 471,002 shares in the company, valued at approximately $6,405,627.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Rucker sold 100,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $20.16, for a total value of $2,016,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 259,454 shares of company stock valued at $3,710,115. 24.30% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TTS. Great West Life Assurance Co. Can boosted its stake in shares of Tile Shop Hldgs by 5.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 43,694 shares of the company’s stock worth $841,000 after acquiring an additional 2,089 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Tile Shop Hldgs by 69.1% during the 1st quarter. First Trust Advisors LP now owns 57,865 shares of the company’s stock worth $1,114,000 after acquiring an additional 23,647 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Tile Shop Hldgs by 13.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock worth $132,000 after acquiring an additional 802 shares in the last quarter. Swiss National Bank boosted its stake in shares of Tile Shop Hldgs by 4.0% during the 1st quarter. Swiss National Bank now owns 55,200 shares of the company’s stock worth $1,063,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Tile Shop Hldgs by 4.6% during the 1st quarter. Ameriprise Financial Inc. now owns 171,686 shares of the company’s stock worth $3,306,000 after acquiring an additional 7,516 shares in the last quarter. 68.33% of the stock is owned by institutional investors and hedge funds.
Tile Shop Hldgs Company Profile
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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