Equities analysts expect Tile Shop Holdings, Inc. (NASDAQ:TTS) to report sales of $94.66 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Tile Shop’s earnings. The lowest sales estimate is $91.20 million and the highest is $100.10 million. Tile Shop posted sales of $92.14 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is expected to report its next quarterly earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Tile Shop will report full year sales of $94.66 million for the current year, with estimates ranging from $347.60 million to $382.30 million. For the next financial year, analysts forecast that the company will post sales of $396.35 million per share, with estimates ranging from $372.00 million to $420.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Tile Shop.
Tile Shop (NASDAQ:TTS) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.10). The firm had revenue of $78.58 million for the quarter, compared to the consensus estimate of $84.22 million. Tile Shop had a return on equity of 11.11% and a net margin of 3.14%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share.
In related news, Director Peter H. Kamin bought 178,986 shares of Tile Shop stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average cost of $5.46 per share, for a total transaction of $977,263.56. Following the completion of the acquisition, the director now directly owns 609,059 shares of the company’s stock, valued at approximately $3,325,462.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd Krasnow bought 10,000 shares of Tile Shop stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $9.01 per share, for a total transaction of $90,100.00. The disclosure for this purchase can be found here. Insiders purchased 458,986 shares of company stock worth $2,556,864 over the last quarter. 24.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in TTS. Dimensional Fund Advisors LP boosted its holdings in Tile Shop by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 718,232 shares of the company’s stock valued at $14,831,000 after acquiring an additional 95,429 shares during the last quarter. State Street Corp boosted its holdings in Tile Shop by 4.2% in the second quarter. State Street Corp now owns 780,395 shares of the company’s stock valued at $16,114,000 after acquiring an additional 31,140 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Tile Shop by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,638 shares of the company’s stock valued at $570,000 after buying an additional 1,470 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Tile Shop in the third quarter valued at approximately $144,000. Finally, HL Financial Services LLC acquired a new position in Tile Shop in the third quarter valued at approximately $130,000. Institutional investors and hedge funds own 64.76% of the company’s stock.
Shares of Tile Shop (NASDAQ:TTS) opened at $5.95 on Friday. The firm has a market capitalization of $310.30, a PE ratio of 19.19, a PEG ratio of 1.27 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 1.70. Tile Shop has a twelve month low of $5.15 and a twelve month high of $22.40.
The business also recently announced 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. This represents a $0.20 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, March 2nd. Tile Shop’s payout ratio is presently 95.24%.
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Tile Shop 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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