BidaskClub upgraded shares of Tile Shop (NASDAQ:TTS) from a sell rating to a hold rating in a report issued on Saturday morning.

TTS has been the topic of several other research reports. Zacks Investment Research raised Tile Shop from a sell rating to a hold rating in a report on Thursday, September 14th. Piper Jaffray Companies cut Tile Shop from an overweight rating to a neutral rating and dropped their target price for the stock from $16.00 to $14.00 in a report on Wednesday, September 27th. CJS Securities cut Tile Shop from an outperform rating to a market perform rating and set a $10.00 target price on the stock. in a report on Tuesday, October 3rd. Telsey Advisory Group cut Tile Shop from a market perform rating to an underperform rating and dropped their target price for the stock from $17.00 to $7.00 in a report on Tuesday, October 3rd. Finally, Loop Capital reissued a hold rating on shares of Tile Shop in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has a consensus rating of Hold and an average price target of $8.92.

Shares of Tile Shop (TTS) opened at $9.00 on Friday. The firm has a market capitalization of $479.85, a P/E ratio of 21.40, a PEG ratio of 0.90 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04. Tile Shop has a twelve month low of $8.08 and a twelve month high of $22.40.

Tile Shop (NASDAQ:TTS) last released its quarterly earnings results on Tuesday, October 17th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. The company had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84.05 million. Tile Shop had a return on equity of 15.40% and a net margin of 5.38%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. sell-side analysts forecast that Tile Shop will post 0.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were given a $0.05 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.20 annualized dividend and a yield of 2.22%. Tile Shop’s dividend payout ratio (DPR) is 55.56%.

In other news, CFO Kirk Geadelmann acquired 5,000 shares of the stock in a transaction on Friday, October 20th. The shares were purchased at an average cost of $8.75 per share, for a total transaction of $43,750.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter J. Jacullo III acquired 187,828 shares of the stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of $8.48 per share, for a total transaction of $1,592,781.44. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 318,795 shares of company stock worth $2,704,188. 24.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Tile Shop by 0.8% during the 2nd quarter. BlackRock Inc. now owns 4,439,098 shares of the company’s stock worth $91,667,000 after purchasing an additional 36,762 shares in the last quarter. Vanguard Group Inc. grew its position in Tile Shop by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock worth $61,603,000 after purchasing an additional 94,168 shares in the last quarter. Alliancebernstein L.P. grew its position in Tile Shop by 17.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock worth $33,610,000 after purchasing an additional 238,874 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Tile Shop during the 3rd quarter worth approximately $12,874,000. Finally, Dimensional Fund Advisors LP grew its position in Tile Shop by 18.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 849,151 shares of the company’s stock worth $10,784,000 after purchasing an additional 130,919 shares in the last quarter. Hedge funds and other institutional investors own 66.79% of the company’s stock.

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Tile Shop 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.

Analyst Recommendations for Tile Shop (NASDAQ:TTS)

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