Tile Shop Holdings Inc Announces Quarterly Dividend of $0.05 (TTS)

Tile Shop Holdings Inc (NASDAQ:TTS) announced a quarterly dividend on Friday, October 19th, Wall Street Journal reports. Investors of record on Monday, October 29th will be paid a dividend of 0.05 per share on Friday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Friday, October 26th.

Shares of NASDAQ:TTS opened at $6.17 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.44 and a quick ratio of 0.34. Tile Shop has a 12-month low of $5.15 and a 12-month high of $10.50. The firm has a market capitalization of $338.37 million, a P/E ratio of 35.67, a P/E/G ratio of 1.17 and a beta of 1.79.

Tile Shop (NASDAQ:TTS) last released its earnings results on Thursday, October 18th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Tile Shop had a net margin of 1.19% and a return on equity of 6.22%. The firm had revenue of $89.26 million during the quarter, compared to analyst estimates of $87.12 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that Tile Shop will post 0.22 earnings per share for the current year.

Several analysts have weighed in on the stock. Loop Capital lowered their target price on shares of Tile Shop to $7.00 and set a “positive” rating for the company in a research note on Friday, October 5th. Robert W. Baird lowered their target price on shares of Tile Shop from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday. BidaskClub upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Citigroup boosted their target price on shares of Tile Shop from $7.40 to $10.00 and gave the company a “neutral” rating in a research note on Friday, July 20th. Finally, Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.17.

In other Tile Shop news, Director Peter J. Jacullo III bought 21,077 shares of the stock in a transaction on Thursday, September 13th. The stock was purchased at an average price of $7.14 per share, for a total transaction of $150,489.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.90% of the stock is owned by insiders.

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 marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.

Further Reading: What is an Initial Public Offering (IPO)?

Dividend History for Tile Shop (NASDAQ:TTS)

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