BidaskClub cut shares of Tile Shop (NASDAQ:TTS) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning.
Several other equities analysts also recently weighed in on the company. Loop Capital decreased their target price on Tile Shop to $5.00 and set a hold rating on the stock in a research report on Thursday, February 22nd. Robert W. Baird reaffirmed a neutral rating and issued a $6.00 price target (down previously from $10.00) on shares of Tile Shop in a report on Thursday, February 22nd. Citigroup cut their price target on Tile Shop from $10.00 to $6.60 and set a neutral rating for the company in a report on Thursday, February 22nd. Stifel Nicolaus cut their price target on Tile Shop from $10.00 to $6.50 and set a hold rating for the company in a report on Thursday, February 22nd. Finally, Zacks Investment Research raised Tile Shop from a sell rating to a hold rating in a report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $7.09.
Tile Shop (TTS) opened at $5.20 on Friday. The firm has a market capitalization of $290.75, a P/E ratio of 24.76, a PEG ratio of 1.19 and a beta of 1.60. Tile Shop has a 1 year low of $5.15 and a 1 year high of $22.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 0.33.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.20 annualized dividend and a dividend yield of 3.85%. Tile Shop’s dividend payout ratio is presently 95.24%.
In other Tile Shop news, Director Todd Krasnow bought 10,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was bought at an average price of $9.01 per share, with a total value of $90,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter J. Jacullo III bought 187,828 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were acquired at an average cost of $8.48 per share, with a total value of $1,592,781.44. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 507,828 shares of company stock valued at $3,532,381. Insiders own 24.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TTS. Point72 Asset Management L.P. acquired a new stake in Tile Shop during the third quarter worth $12,874,000. BlackRock Inc. increased its stake in Tile Shop by 17.0% during the fourth quarter. BlackRock Inc. now owns 5,823,901 shares of the company’s stock worth $55,911,000 after acquiring an additional 845,141 shares during the last quarter. Two Sigma Investments LP increased its stake in Tile Shop by 1,970.5% during the fourth quarter. Two Sigma Investments LP now owns 719,302 shares of the company’s stock worth $6,905,000 after acquiring an additional 684,562 shares during the last quarter. Millennium Management LLC increased its stake in Tile Shop by 73.1% during the fourth quarter. Millennium Management LLC now owns 1,529,352 shares of the company’s stock worth $14,682,000 after acquiring an additional 645,782 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Tile Shop by 2,401.7% during the fourth quarter. Two Sigma Advisers LP now owns 603,970 shares of the company’s stock worth $5,798,000 after acquiring an additional 579,828 shares during the last quarter. 66.92% of the stock is 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.
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