Tile Shop Hldgs, Inc. (NASDAQ:TTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Tile Shop Holdings, Inc. is the parent company of The Tile Shop. The Tile Shop is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers floor, wall, natural stone, ceramic, porcelain, glass, and metal tile products; tile patterns; basins; fixtures; listellos/borders; and profiles. Tile Shop Holdings, Inc. is based in Plymouth, Minnesota. “

A number of other equities analysts have also commented on TTS. BidaskClub upgraded shares of Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 target price (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 shares of Tile Shop Hldgs and gave the company a “buy” rating in a research report on Tuesday, July 18th. Loop Capital started coverage on shares of 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. lowered their price objective on shares of 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 analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Tile Shop Hldgs has a consensus rating of “Hold” and an average price target of $17.17.

Shares of Tile Shop Hldgs (NASDAQ:TTS) traded up 0.33% during trading on Tuesday, reaching $15.35. The company had a trading volume of 116,520 shares. The company has a market capitalization of $797.02 million, a PE 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 stock’s 50-day moving average price is $15.74 and its 200-day moving average price is $18.63.

Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $89.50 million for 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 firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities analysts expect that Tile Shop Hldgs will post $0.52 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/29/tile-shop-hldgs-inc-tts-stock-rating-lowered-by-zacks-investment-research.html.

In other news, CEO Chris Homeister acquired 9,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average cost of $13.98 per share, with a total value of $125,820.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Nabron International Inc. sold 106,806 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $20.16, for a total transaction of $2,153,208.96. The disclosure for this sale can be found here. In the last quarter, insiders acquired 259,454 shares of company stock worth $3,710,115 and sold 702,427 shares worth $14,086,541. 24.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of Tile Shop Hldgs by 300.1% in the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after buying an additional 263,745 shares during the period. UBS Group AG increased its position in Tile Shop Hldgs by 558.4% in the first quarter. UBS Group AG now owns 24,591 shares of the company’s stock worth $474,000 after buying an additional 20,856 shares during the last quarter. Legal & General Group Plc increased its position in Tile Shop Hldgs by 1.5% in the first quarter. Legal & General Group Plc now owns 55,668 shares of the company’s stock worth $1,070,000 after buying an additional 820 shares during the last quarter. State Street Corp increased its position in Tile Shop Hldgs by 6.7% in the first quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after buying an additional 47,340 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in Tile Shop Hldgs by 16.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 856,455 shares of the company’s stock worth $17,686,000 after buying an additional 121,823 shares during the last quarter. 68.33% of the stock is owned by hedge funds and other institutional investors.

About Tile Shop Hldgs

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.

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

Receive News & Stock Ratings for Tile Shop Hldgs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop Hldgs Inc. and related stocks with our FREE daily email newsletter.