Tile Shop Hldgs’ (TTS) “Hold” Rating Reaffirmed at Loop Capital
Tile Shop Hldgs, Inc. (NASDAQ:TTS)‘s stock had its “hold” rating reiterated by investment analysts at Loop Capital in a research note issued on Tuesday. They presently have a $12.00 price target on the stock, down from their prior price target of $15.00. Loop Capital’s price objective would indicate a potential upside of 42.01% from the stock’s current price.
Several other research analysts also recently commented on the stock. BidaskClub raised shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Piper Jaffray Companies reissued a “neutral” rating and set a $8.50 target price (down previously from $14.00) on shares of Tile Shop Hldgs in a report on Tuesday. Telsey Advisory Group cut shares of Tile Shop Hldgs from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $17.00 to $7.00 in a report on Tuesday. Finally, Stifel Nicolaus restated a “hold” rating and set a $15.00 target price (down previously from $18.00) on shares of Tile Shop Hldgs in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $13.25.
Shares of Tile Shop Hldgs (NASDAQ:TTS) traded down 35.98% during midday trading on Tuesday, reaching $8.45. The company had a trading volume of 15,704,133 shares. The company has a 50 day moving average price of $14.82 and a 200-day moving average price of $18.01. The firm has a market capitalization of $438.75 million, a P/E ratio of 21.12 and a beta of 1.80. Tile Shop Hldgs has a one year low of $8.25 and a one year high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last posted its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. Tile Shop Hldgs’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. On average, analysts anticipate that Tile Shop Hldgs will post $0.51 EPS for the current fiscal year.
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In other Tile Shop Hldgs news, Director Peter J. Jacullo III bought 10,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $13.90 per share, for a total transaction of $139,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert A. Rucker sold 100,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $20.16, for a total value of $2,016,000.00. The disclosure for this sale can be found here. Insiders have purchased a total of 259,454 shares of company stock worth $3,710,115 in the last ninety days. 24.30% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its position in shares of Tile Shop Hldgs by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after acquiring an additional 416 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Tile Shop Hldgs by 13.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock worth $132,000 after purchasing an additional 802 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Tile Shop Hldgs by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock worth $134,000 after purchasing an additional 2,885 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of Tile Shop Hldgs by 6.8% during the first quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock worth $148,000 after purchasing an additional 494 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Tile Shop Hldgs by 14.7% during the first quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock worth $157,000 after purchasing an additional 1,046 shares in the last quarter. 68.33% of the stock is currently 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.
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