Tile Shop Holdings, Inc. (TTS) Given Average Rating of “Hold” by Brokerages

Shares of Tile Shop Holdings, Inc. (NASDAQ:TTS) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $8.90.

Several equities analysts have issued reports on TTS shares. TheStreet downgraded Tile Shop from a “b-” rating to a “c” rating in a research report on Wednesday, October 11th. Loop Capital cut their price objective on Tile Shop from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Friday, October 13th. Zacks Investment Research upgraded Tile Shop from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. BidaskClub downgraded Tile Shop from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Stifel Nicolaus cut their price objective on Tile Shop from $15.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 4th.

In other news, Director Todd Krasnow bought 10,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of $9.01 per share, for a total transaction of $90,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter J. Jacullo III bought 187,828 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were purchased at an average price of $8.48 per share, with a total value of $1,592,781.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 328,795 shares of company stock valued at $2,794,288. 24.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. HL Financial Services LLC acquired a new stake in shares of Tile Shop during the third quarter worth $130,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Tile Shop during the third quarter worth $144,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Tile Shop during the third quarter worth $145,000. Trexquant Investment LP acquired a new stake in shares of Tile Shop during the third quarter worth $168,000. Finally, Victory Capital Management Inc. grew its stake in shares of Tile Shop by 13.0% during the second quarter. Victory Capital Management Inc. now owns 9,236 shares of the company’s stock worth $191,000 after purchasing an additional 1,065 shares during the period. 66.77% of the stock is owned by institutional investors and hedge funds.

Tile Shop (NASDAQ TTS) opened at $9.85 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.55 and a quick ratio of 0.39. Tile Shop has a 52-week low of $8.08 and a 52-week high of $22.40. The stock has a market capitalization of $521.58, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.73.

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

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About Tile Shop

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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