Equities analysts predict that Tile Shop Holdings Inc (NASDAQ:TTS) will report sales of $87.86 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Tile Shop’s earnings, with the lowest sales estimate coming in at $86.28 million and the highest estimate coming in at $90.80 million. Tile Shop posted sales of $89.26 million in the same quarter last year, which suggests a negative year over year growth rate of 1.6%. The firm is expected to report its next earnings results on Thursday, October 17th.
According to Zacks, analysts expect that Tile Shop will report full-year sales of $349.13 million for the current fiscal year, with estimates ranging from $345.09 million to $356.10 million. For the next year, analysts forecast that the business will post sales of $364.45 million, with estimates ranging from $354.95 million to $373.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Tile Shop.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Tile Shop from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Telsey Advisory Group lowered Tile Shop from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $5.00 to $2.50 in a research note on Tuesday, July 23rd. ValuEngine raised Tile Shop from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Finally, Loop Capital dropped their price target on Tile Shop from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $5.42.
In other Tile Shop news, Director Peter J. Jacullo III purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $2.56 per share, with a total value of $102,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 180,014 shares of company stock valued at $446,832 in the last ninety days. 27.70% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Tile Shop by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,997 shares of the company’s stock worth $12,609,000 after purchasing an additional 7,983 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Tile Shop by 1,076.4% in the first quarter. BNP Paribas Arbitrage SA now owns 8,529 shares of the company’s stock worth $48,000 after purchasing an additional 7,804 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Tile Shop by 21.2% in the first quarter. Wedge Capital Management L L P NC now owns 68,034 shares of the company’s stock worth $385,000 after purchasing an additional 11,906 shares in the last quarter. Spark Investment Management LLC bought a new position in Tile Shop in the first quarter worth $582,000. Finally, BerganKDV Wealth Management LLC bought a new position in Tile Shop in the first quarter worth $113,000. 64.44% of the stock is owned by institutional investors.
Tile Shop Company Profile
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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