Tile Shop Hldgs, Inc. (TTS) Rating Increased to Buy at BidaskClub
Tile Shop Hldgs, Inc. (NASDAQ:TTS) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus restated a “hold” rating and set a $15.00 price objective (down previously from $18.00) on shares of Tile Shop Hldgs in a research report on Friday, July 21st. Piper Jaffray Companies set a $19.00 price objective on Tile Shop Hldgs and gave the company a “buy” rating in a research report on Tuesday, July 18th. Loop Capital assumed coverage on Tile Shop Hldgs in a research report on Wednesday, July 19th. They set a “hold” rating and a $15.00 price objective for the company. Finally, Citigroup Inc. reduced their price objective on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Tile Shop Hldgs currently has a consensus rating of “Hold” and an average target price of $17.17.
Tile Shop Hldgs (NASDAQ:TTS) opened at 15.35 on Friday. The stock has a market capitalization of $797.02 million, a price-to-earnings ratio of 38.38 and a beta of 1.87. Tile Shop Hldgs has a 52-week low of $13.30 and a 52-week high of $22.40. The firm’s 50-day moving average is $15.74 and its 200-day moving average is $18.63.
Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The company had revenue of $89.50 million for the quarter, compared to analyst estimates of $93.20 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that Tile Shop Hldgs will post $0.52 earnings per share for the current year.
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In other news, Director Peter H. Kamin acquired 29,600 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were bought at an average price of $13.60 per share, with a total value of $402,560.00. Following the purchase, the director now owns 471,002 shares of the company’s stock, valued at $6,405,627.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Nabron International Inc. sold 87,815 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $20.12, for a total value of $1,766,837.80. Following the completion of the sale, the insider now directly owns 5,601,341 shares in the company, valued at approximately $112,698,980.92. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 259,454 shares of company stock valued at $3,710,115 and have sold 790,242 shares valued at $15,853,379. Insiders own 24.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Tile Shop Hldgs by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,638 shares of the company’s stock worth $570,000 after buying an additional 1,470 shares in the last quarter. State Street Corp increased its stake in Tile Shop Hldgs by 4.2% in the second quarter. State Street Corp now owns 780,395 shares of the company’s stock worth $16,114,000 after buying an additional 31,140 shares in the last quarter. Bamco Inc. NY purchased a new stake in Tile Shop Hldgs during the second quarter worth approximately $1,136,000. Voya Investment Management LLC increased its stake in Tile Shop Hldgs by 4,014.4% in the second quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock worth $10,061,000 after buying an additional 475,344 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Tile Shop Hldgs by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 718,232 shares of the company’s stock worth $14,831,000 after buying an additional 95,429 shares in the last quarter. 68.65% of the stock is currently owned by institutional investors.
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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