Tile Shop Holdings Inc (NASDAQ:TTS) – Research analysts at Piper Jaffray Companies raised their Q1 2019 EPS estimates for Tile Shop in a note issued to investors on Thursday, October 18th. Piper Jaffray Companies analyst P. Keith now forecasts that the company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.10. Piper Jaffray Companies currently has a “Hold” rating and a $10.00 target price on the stock.
Tile Shop (NASDAQ:TTS) last released its quarterly earnings data on Thursday, October 18th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Tile Shop had a return on equity of 6.28% and a net margin of 1.17%. The company had revenue of $89.26 million for the quarter, compared to analyst estimates of $87.12 million. During the same period in the previous year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.
NASDAQ:TTS opened at $6.17 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.34 and a current ratio of 1.83. Tile Shop has a 52-week low of $5.15 and a 52-week high of $10.50. The firm has a market cap of $353.65 million, a P/E ratio of 19.28, a P/E/G ratio of 1.19 and a beta of 1.79.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Tile Shop by 0.4% during the 2nd quarter. BlackRock Inc. now owns 5,829,618 shares of the company’s stock valued at $44,888,000 after purchasing an additional 23,398 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tile Shop by 31.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,770 shares of the company’s stock valued at $16,192,000 after purchasing an additional 499,380 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Tile Shop during the 2nd quarter valued at about $9,572,000. North Run Capital LP increased its position in shares of Tile Shop by 179.7% during the 2nd quarter. North Run Capital LP now owns 896,098 shares of the company’s stock valued at $6,900,000 after purchasing an additional 575,698 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Tile Shop during the 2nd quarter valued at about $6,115,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.
In other Tile Shop news, Director Peter J. Jacullo III bought 21,077 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were acquired at an average cost of $7.14 per share, for a total transaction of $150,489.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 25.90% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Monday, October 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, October 26th. This represents a $0.20 dividend on an annualized basis and a yield of 3.24%. Tile Shop’s dividend payout ratio is currently 62.50%.
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.
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