Shares of Tile Shop Holdings Inc (NASDAQ:TTS) shot up 5.3% on Thursday . The company traded as high as $6.67 and last traded at $6.58. 1,101,370 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 712,819 shares. The stock had previously closed at $6.25.
A number of brokerages have weighed in on TTS. Telsey Advisory Group increased their price target on Tile Shop from $4.50 to $5.50 and gave the stock an “underperform” rating in a report on Friday, July 20th. Citigroup increased their price target on Tile Shop from $7.40 to $10.00 and gave the stock a “neutral” rating in a report on Friday, July 20th. Robert W. Baird reiterated a “hold” rating and set a $9.00 price target on shares of Tile Shop in a report on Friday, July 20th. Piper Jaffray Companies reiterated a “hold” rating and set a $10.00 price target on shares of Tile Shop in a report on Friday, July 20th. Finally, Stifel Nicolaus increased their price target on Tile Shop from $7.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, July 20th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Tile Shop has a consensus rating of “Hold” and a consensus target price of $8.42.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.34 and a current ratio of 1.83. The company has a market capitalization of $376.84 million, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.79.
Tile Shop (NASDAQ:TTS) last posted its quarterly earnings results on Thursday, July 19th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $92.90 million during the quarter, compared to the consensus estimate of $90.71 million. Tile Shop had a net margin of 1.17% and a return on equity of 6.28%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. Equities analysts anticipate that Tile Shop Holdings Inc will post 0.23 EPS for the current fiscal year.
In other Tile Shop news, Director Peter J. Jacullo III purchased 21,077 shares of the stock in a transaction on Thursday, September 13th. The stock was acquired at an average cost of $7.14 per share, with a total value of $150,489.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY bought a new position in shares of Tile Shop during the second quarter valued at about $109,000. Aperio Group LLC purchased a new position in shares of Tile Shop during the second quarter valued at about $111,000. Navellier & Associates Inc purchased a new position in shares of Tile Shop during the first quarter valued at about $121,000. Guggenheim Capital LLC increased its position in shares of Tile Shop by 55.9% during the first quarter. Guggenheim Capital LLC now owns 21,126 shares of the company’s stock valued at $127,000 after buying an additional 7,576 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of Tile Shop during the second quarter valued at about $148,000. 64.49% of the stock is owned by hedge funds and other institutional investors.
About Tile Shop (NASDAQ:TTS)
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 marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.
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