Stifel Nicolaus Lowers Tile Shop Holdings, Inc. (TTS) Price Target to $10.00
Tile Shop Holdings, Inc. (NASDAQ:TTS) had its price target cut by Stifel Nicolaus from $15.00 to $10.00 in a research note published on Wednesday, Marketbeat.com reports. They currently have a hold rating on the stock.
Several other equities analysts also recently weighed in on TTS. BidaskClub raised Tile Shop Holdings from a hold rating to a buy rating in a research report on Friday, June 16th. Telsey Advisory Group reissued a market perform rating and set a $17.00 price target (down previously from $21.00) on shares of Tile Shop Holdings in a research report on Wednesday, July 19th. Citigroup Inc. dropped their price target on Tile Shop Holdings from $22.00 to $17.00 and set a neutral rating for the company in a research report on Wednesday, July 19th. Loop Capital began coverage on Tile Shop Holdings in a research report on Wednesday, July 19th. They set a hold rating and a $15.00 price target for the company. Finally, Piper Jaffray Companies set a $19.00 price objective on Tile Shop Holdings and gave the stock a buy rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has an average rating of Hold and an average target price of $9.75.
Tile Shop Holdings (NASDAQ TTS) traded up 0.58% during trading on Wednesday, reaching $8.65. The company’s stock had a trading volume of 2,017,399 shares. The company has a 50 day moving average price of $14.12 and a 200-day moving average price of $17.72. Tile Shop Holdings has a 52 week low of $8.25 and a 52 week high of $22.40. The company has a market capitalization of $449.13 million, a PE ratio of 21.62 and a beta of 1.79.
Tile Shop Holdings (NASDAQ:TTS) last released its quarterly 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 company had revenue of $89.50 million for the quarter, compared to analysts’ expectations of $93.20 million. Tile Shop Holdings had a return on equity of 17.45% and a net margin of 6.11%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. Equities research analysts anticipate that Tile Shop Holdings will post $0.43 earnings per share for the current year.
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In other Tile Shop Holdings news, CEO Chris Homeister acquired 9,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were acquired at an average price of $13.98 per share, for a total transaction of $125,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter H. Kamin acquired 159,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were acquired at an average price of $14.43 per share, for a total transaction of $2,294,370.00. Following the acquisition, the director now directly owns 435,908 shares of the company’s stock, valued at $6,290,152.44. The disclosure for this purchase can be found here. Insiders have bought 259,454 shares of company stock worth $3,710,115 in the last 90 days. Insiders own 24.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of TTS. Voya Investment Management LLC boosted its holdings in Tile Shop Holdings by 4,014.4% in the second quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock valued at $10,061,000 after acquiring an additional 475,344 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Tile Shop Holdings by 300.1% in the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock valued at $6,769,000 after acquiring an additional 263,745 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Tile Shop Holdings by 17.2% in the second quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock valued at $33,610,000 after acquiring an additional 238,874 shares during the last quarter. Jennison Associates LLC acquired a new position in Tile Shop Holdings in the second quarter valued at $4,860,000. Finally, Emerald Advisers Inc. PA boosted its holdings in Tile Shop Holdings by 17.3% in the second quarter. Emerald Advisers Inc. PA now owns 1,059,339 shares of the company’s stock valued at $21,875,000 after acquiring an additional 156,067 shares during the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.
Tile Shop Holdings 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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