Tile Shop Hldgs, Inc. (NASDAQ:TTS) issued its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01, Bloomberg Earnings reports. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The company had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84.05 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis.

Several research analysts recently commented on TTS shares. Stifel Nicolaus decreased their target price on shares of Tile Shop Hldgs from $15.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 4th. CJS Securities downgraded shares of Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a research note on Tuesday, October 3rd. Loop Capital decreased their target price on shares of Tile Shop Hldgs from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Friday, October 13th. Zacks Investment Research raised shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.92.

In other Tile Shop Hldgs news, CEO Chris Homeister bought 9,000 shares of Tile Shop Hldgs stock in a transaction on 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter J. Jacullo III bought 14,072 shares of Tile Shop Hldgs stock in a transaction on Friday, July 21st. The stock was acquired at an average price of $14.25 per share, for a total transaction of $200,526.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 221,672 shares of company stock worth $3,162,276 in the last 90 days. 24.30% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in Tile Shop Hldgs by 7.7% in the second quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock worth $120,000 after purchasing an additional 416 shares during the period. BNP Paribas Arbitrage SA increased its stake in Tile Shop Hldgs by 13.2% in 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 during the period. State of Alaska Department of Revenue increased its stake in Tile Shop Hldgs by 79.3% in 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 during the period. Mason Street Advisors LLC increased its stake in Tile Shop Hldgs by 6.8% in 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 during the period. Finally, Victory Capital Management Inc. increased its stake in Tile Shop Hldgs by 14.7% in 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 during the period. Institutional investors and hedge funds own 68.33% of the company’s stock.

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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.

Earnings History for Tile Shop Hldgs (NASDAQ:TTS)

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