Shares of Tile Shop Holdings Inc. (NASDAQ:TTS) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.70.

Several equities research analysts have recently issued reports on TTS shares. Zacks Investment Research raised shares of Tile Shop Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, October 20th. Citigroup Inc. lowered 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 research note on Tuesday, August 23rd.

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In other Tile Shop Holdings news, Director Robert A. Rucker sold 50,000 shares of the stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $17.04, for a total value of $852,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Todd Krasnow sold 2,000 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $19.27, for a total transaction of $38,540.00. The disclosure for this sale can be found here. 26.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Tile Shop Holdings by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 107,337 shares of the company’s stock worth $1,600,000 after buying an additional 24,955 shares during the last quarter. Nuveen Asset Management LLC increased its stake 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 worth $1,143,000 after buying an additional 1,256 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Tile Shop Holdings during the second quarter worth approximately $231,000. Robeco Institutional Asset Management B.V. acquired a new stake in Tile Shop Holdings during the second quarter worth approximately $1,663,000. Finally, Redwood Investments LLC increased its stake in Tile Shop Holdings by 46.8% in the second quarter. Redwood Investments LLC now owns 292,785 shares of the company’s stock worth $5,821,000 after buying an additional 93,342 shares during the last quarter. Institutional investors own 67.66% of the company’s stock.

Tile Shop Holdings (NASDAQ:TTS) opened at 20.15 on Monday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 47.08 and a beta of 2.03. Tile Shop Holdings has a 12 month low of $12.40 and a 12 month high of $21.05. The firm’s 50 day moving average price is $17.68 and its 200 day moving average price is $17.58.

Tile Shop Holdings (NASDAQ:TTS) last posted its earnings results on Tuesday, October 18th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Tile Shop Holdings had a net margin of 6.88% and a return on equity of 18.35%. The business had revenue of $78.60 million for the quarter, compared to analyst estimates of $78.25 million. During the same period in the prior year, the company posted $0.08 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Tile Shop Holdings will post $0.47 EPS for the current fiscal year.

About Tile Shop Holdings

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