Tile Shop Hldgs (NASDAQ:TTS) Getting Somewhat Positive Press Coverage, Accern Reports
News coverage about Tile Shop Hldgs (NASDAQ:TTS) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tile Shop Hldgs earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.5513041518367 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of research analysts have commented on the stock. Citigroup Inc. reissued a “neutral” rating and set a $22.00 target price (up previously from $19.00) on shares of Tile Shop Hldgs in a research report on Saturday, April 22nd. BidaskClub downgraded shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Piper Jaffray Companies set a $19.00 price target on shares of Tile Shop Hldgs and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $17.00 price target (down from $21.00) on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.17.
Tile Shop Hldgs (TTS) traded down 0.68% during mid-day trading on Friday, reaching $14.55. 314,728 shares of the company were exchanged. The stock has a 50-day moving average of $16.38 and a 200 day moving average of $18.78. The firm has a market capitalization of $755.48 million, a P/E ratio of 36.38 and a beta of 1.87. Tile Shop Hldgs has a 1-year low of $13.30 and a 1-year high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 net margin of 6.11% and a return on equity of 17.45%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Equities research analysts forecast that Tile Shop Hldgs will post $0.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, July 28th. Tile Shop Hldgs’s payout ratio is currently 50.00%.
In other Tile Shop Hldgs news, CEO Chris Homeister bought 9,000 shares of Tile Shop Hldgs stock in a transaction on Friday, July 21st. The stock was bought at an average price of $13.98 per share, with a total value of $125,820.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter H. Kamin purchased 159,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was purchased at an average price of $14.43 per share, with a total value of $2,294,370.00. Following the transaction, the director now owns 435,908 shares of the company’s stock, valued at $6,290,152.44. The disclosure for this purchase can be found here. Over the last three months, insiders bought 259,454 shares of company stock valued at $3,710,115 and sold 901,623 shares valued at $18,097,316. 24.30% of the stock is currently owned by corporate insiders.
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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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