Brokerages predict that Tile Shop Holdings Inc (NASDAQ:TTS) will report $87.86 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Tile Shop’s earnings, with estimates ranging from $86.28 million to $90.80 million. Tile Shop reported sales of $89.26 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The company is scheduled to issue its next earnings results on Thursday, October 17th.

On average, 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 fiscal year, analysts forecast that the company will post sales of $364.45 million, with estimates ranging from $354.95 million to $373.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Tile Shop.

TTS has been the topic of a number of recent research reports. Zacks Investment Research cut Tile Shop from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. ValuEngine raised shares of Tile Shop from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Loop Capital decreased their target price on shares of Tile Shop from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Telsey Advisory Group lowered shares of Tile Shop from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $5.00 to $2.50 in a research note on Tuesday, July 23rd. Finally, Citigroup lowered shares of Tile Shop from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $5.50 in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Tile Shop presently has an average rating of “Hold” and a consensus price target of $5.42.

TTS stock traded up $0.14 during mid-day trading on Friday, reaching $2.76. The company’s stock had a trading volume of 221,496 shares, compared to its average volume of 447,270. The company has a market cap of $117.61 million, a price-to-earnings ratio of 13.80 and a beta of 1.50. The business’s 50 day moving average price is $3.20 and its 200 day moving average price is $4.85. The company has a current ratio of 1.70, a quick ratio of 0.28 and a debt-to-equity ratio of 1.45. Tile Shop has a 12 month low of $2.24 and a 12 month high of $8.20.

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend was Friday, July 26th. Tile Shop’s payout ratio is 100.00%.

In other news, Director Peter J. Jacullo III purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of $4.19 per share, with a total value of $83,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have purchased 300,014 shares of company stock valued at $935,332. Company insiders own 27.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of Tile Shop by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 316,970 shares of the company’s stock valued at $1,737,000 after buying an additional 2,059 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Tile Shop by 11.2% during the 1st quarter. Wedbush Securities Inc. now owns 126,220 shares of the company’s stock valued at $714,000 after purchasing an additional 12,720 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Tile Shop by 21.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 68,034 shares of the company’s stock valued at $385,000 after purchasing an additional 11,906 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Tile Shop by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 442,747 shares of the company’s stock valued at $2,426,000 after purchasing an additional 36,980 shares during the last quarter. Finally, Lapides Asset Management LLC increased its position in shares of Tile Shop by 27.5% during the 1st quarter. Lapides Asset Management LLC now owns 665,900 shares of the company’s stock valued at $3,769,000 after purchasing an additional 143,500 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Tile Shop (NASDAQ:TTS)

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