Tile Shop Holdings Inc (NASDAQ:TTS) Expected to Post Quarterly Sales of $91.75 Million

Wall Street analysts expect that Tile Shop Holdings Inc (NASDAQ:TTS) will report sales of $91.75 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tile Shop’s earnings, with estimates ranging from $91.50 million to $91.99 million. Tile Shop posted sales of $92.91 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that Tile Shop will report full-year sales of $364.17 million for the current fiscal year, with estimates ranging from $356.60 million to $378.00 million. For the next fiscal year, analysts expect that the company will report sales of $394.65 million, with estimates ranging from $388.80 million to $400.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tile Shop.

Tile Shop (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $86.90 million during the quarter, compared to the consensus estimate of $93.31 million. Tile Shop had a net margin of 2.20% and a return on equity of 5.19%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. BidaskClub cut shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 target price (down from $7.50) on shares of Tile Shop in a report on Wednesday, May 1st. Citigroup cut shares of Tile Shop from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $5.50 in a report on Wednesday, May 1st. Finally, ValuEngine cut shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.50.

Shares of Tile Shop stock traded down $0.08 on Friday, hitting $4.08. The company had a trading volume of 159,238 shares, compared to its average volume of 386,827. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.59 and a quick ratio of 0.30. The stock has a market capitalization of $214.37 million, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. Tile Shop has a 52 week low of $3.70 and a 52 week high of $9.50.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, May 3rd. Tile Shop’s payout ratio is 100.00%.

In other Tile Shop news, Director Peter J. Jacullo III bought 80,000 shares of Tile Shop stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average cost of $4.04 per share, for a total transaction of $323,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 110,000 shares of company stock valued at $447,500 over the last 90 days. 27.70% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of TTS. Bank of New York Mellon Corp lifted its position in shares of Tile Shop by 22.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 858,222 shares of the company’s stock valued at $6,136,000 after acquiring an additional 157,376 shares in the last quarter. Morgan Stanley lifted its position in shares of Tile Shop by 16.4% in the 3rd quarter. Morgan Stanley now owns 285,838 shares of the company’s stock valued at $2,044,000 after acquiring an additional 40,372 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Tile Shop by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,034,218 shares of the company’s stock valued at $21,695,000 after acquiring an additional 313,778 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Tile Shop by 6.3% in the 4th quarter. Arizona State Retirement System now owns 60,125 shares of the company’s stock valued at $329,000 after acquiring an additional 3,548 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Tile Shop in the 4th quarter valued at approximately $308,000. Institutional investors and hedge funds own 64.55% of the company’s stock.

About Tile Shop

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 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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