Tile Shop Hldgs, Inc. (NASDAQ:TTS) had its price objective decreased by research analysts at Loop Capital from $12.00 to $9.00 in a research note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Loop Capital’s price objective suggests a potential upside of 7.78% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. BidaskClub upgraded Tile Shop Hldgs from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Piper Jaffray Companies set a $19.00 target price on Tile Shop Hldgs and gave the stock a “buy” rating in a research report on Tuesday, July 18th. TheStreet cut Tile Shop Hldgs from a “b-” rating to a “c” rating in a research report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $15.00 target price (down previously from $18.00) on shares of Tile Shop Hldgs in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.25.
Tile Shop Hldgs (NASDAQ TTS) opened at 8.35 on Friday. Tile Shop Hldgs has a 12-month low of $8.25 and a 12-month high of $22.40. The firm’s 50-day moving average price is $13.41 and its 200-day moving average price is $17.43. The stock has a market cap of $433.56 million, a price-to-earnings ratio of 20.88 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. On average, equities analysts predict that Tile Shop Hldgs will post $0.43 EPS for the current fiscal year.
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In other Tile Shop Hldgs news, CEO Chris Homeister purchased 9,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $13.98 per share, with a total value of $125,820.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter H. Kamin purchased 159,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were acquired at an average cost of $14.43 per share, with a total value of $2,294,370.00. Following the completion of the purchase, the director now directly owns 435,908 shares in the company, valued at approximately $6,290,152.44. The disclosure for this purchase can be found here. Insiders bought a total of 259,454 shares of company stock valued at $3,710,115 over the last ninety days. Corporate insiders own 24.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Tile Shop Hldgs by 300.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after purchasing an additional 263,745 shares during the period. Citadel Advisors LLC increased its holdings in Tile Shop Hldgs by 529.9% during the 2nd quarter. Citadel Advisors LLC now owns 27,416 shares of the company’s stock worth $566,000 after purchasing an additional 33,794 shares during the period. State Street Corp increased its holdings in Tile Shop Hldgs by 6.7% during the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after purchasing an additional 47,340 shares during the period. UBS Group AG increased its holdings in Tile Shop Hldgs by 558.4% during the 1st quarter. UBS Group AG now owns 24,591 shares of the company’s stock worth $474,000 after purchasing an additional 20,856 shares during the period. Finally, Legal & General Group Plc increased its holdings in Tile Shop Hldgs by 1.5% during the 1st quarter. Legal & General Group Plc now owns 55,668 shares of the company’s stock worth $1,070,000 after purchasing an additional 820 shares during the period. Institutional investors own 68.33% of the company’s stock.
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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