Shares of Tile Shop Holdings Inc. (NASDAQ:TTS) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $19.63.

Several brokerages have recently issued reports on TTS. Zacks Investment Research cut shares of Tile Shop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Citigroup Inc. cut their target price on shares of Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, August 23rd.

Tile Shop Holdings (NASDAQ:TTS) traded up 2.10% on Monday, hitting $17.00. 323,932 shares of the company were exchanged. Tile Shop Holdings has a 52 week low of $12.40 and a 52 week high of $21.05. The company has a market capitalization of $875.79 million, a price-to-earnings ratio of 41.46 and a beta of 2.07. The stock has a 50 day moving average of $16.14 and a 200 day moving average of $17.32.

Tile Shop Holdings (NASDAQ:TTS) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Tile Shop Holdings had a net margin of 6.75% and a return on equity of 18.43%. The business had revenue of $84.30 million for the quarter, compared to analysts’ expectations of $84.18 million. Analysts predict that Tile Shop Holdings will post $0.45 EPS for the current fiscal year.

In other news, Director Todd Krasnow sold 45,000 shares of Tile Shop Holdings stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $17.20, for a total value of $774,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip B. Livingston purchased 4,920 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average cost of $16.97 per share, with a total value of $83,492.40. Following the transaction, the director now owns 4,568 shares in the company, valued at $77,518.96. The disclosure for this purchase can be found here. 26.10% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of TTS. First Mercantile Trust Co. raised its position in Tile Shop Holdings by 8.0% in the second quarter. First Mercantile Trust Co. now owns 10,100 shares of the company’s stock valued at $201,000 after buying an additional 746 shares in the last quarter. Nuveen Asset Management LLC raised its position in Tile Shop Holdings by 1.7% in the first quarter. Nuveen Asset Management LLC now owns 76,679 shares of the company’s stock valued at $1,143,000 after buying an additional 1,256 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Tile Shop Holdings by 7.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,494 shares of the company’s stock valued at $447,000 after buying an additional 1,519 shares in the last quarter. BlackRock Advisors LLC raised its position in Tile Shop Holdings by 17.2% in the second quarter. BlackRock Advisors LLC now owns 15,568 shares of the company’s stock valued at $309,000 after buying an additional 2,282 shares in the last quarter. Finally, American International Group Inc. raised its position in Tile Shop Holdings by 17.4% in the second quarter. American International Group Inc. now owns 18,755 shares of the company’s stock valued at $373,000 after buying an additional 2,776 shares in the last quarter. 64.27% of the stock is owned by hedge funds and other institutional investors.

Tile Shop Holdings Company Profile

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