Tile Shop Hldgs, Inc. (TTS) Stock Rating Reaffirmed by Piper Jaffray Companies
Tile Shop Hldgs, Inc. (NASDAQ:TTS)‘s stock had its “neutral” rating restated by Piper Jaffray Companies in a note issued to investors on Tuesday. They presently have a $8.50 target price on the stock, down from their prior target price of $14.00.
Other equities analysts have also issued reports about the company. Loop Capital assumed coverage on Tile Shop Hldgs in a research note on Wednesday, July 19th. They issued a “hold” rating and a $15.00 price objective on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. BidaskClub downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Citigroup Inc. dropped their target price on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $9.75.
Shares of Tile Shop Hldgs (TTS) opened at 8.50 on Tuesday. Tile Shop Hldgs has a 52 week low of $8.25 and a 52 week high of $22.40. The stock has a market capitalization of $441.35 million, a price-to-earnings ratio of 21.25 and a beta of 1.79. The firm’s 50-day moving average is $14.46 and its 200-day moving average is $17.86.
Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings data 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 firm had revenue of $89.50 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts anticipate that Tile Shop Hldgs will post $0.43 EPS for the current fiscal year.
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In related news, Director Robert A. Rucker sold 100,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $20.16, for a total transaction of $2,016,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter H. Kamin bought 159,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were bought at an average price of $14.43 per share, for a total transaction of $2,294,370.00. Following the completion of the acquisition, the director now owns 435,908 shares in the company, valued at approximately $6,290,152.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 259,454 shares of company stock worth $3,710,115. Company insiders own 24.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in Tile Shop Hldgs by 300.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after purchasing an additional 263,745 shares during the last quarter. State Street Corp increased its holdings in Tile Shop Hldgs by 6.7% during the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after purchasing an additional 47,340 shares during the last quarter. UBS Group AG increased its holdings in Tile Shop Hldgs by 558.4% during the 1st quarter. UBS Group AG now owns 24,591 shares of the company’s stock worth $474,000 after purchasing an additional 20,856 shares during the last quarter. Legal & General Group Plc increased its holdings in Tile Shop Hldgs by 1.5% during the 1st quarter. Legal & General Group Plc now owns 55,668 shares of the company’s stock worth $1,070,000 after purchasing an additional 820 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in Tile Shop Hldgs by 16.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 856,455 shares of the company’s stock worth $17,686,000 after purchasing an additional 121,823 shares during the last quarter. Institutional investors own 68.33% of the company’s stock.
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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