Brokerages Set Tile Shop Hldgs, Inc. (TTS) Price Target at $15.60
Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.75.
TTS has been the subject of a number of analyst reports. BidaskClub upgraded shares of Tile Shop Hldgs from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Telsey Advisory Group restated a “market perform” rating and issued a $17.00 price objective (down previously from $21.00) on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. Citigroup Inc. decreased their price objective on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, July 19th. Loop Capital started coverage on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. They issued a “hold” rating and a $15.00 price objective for the company. Finally, Piper Jaffray Companies set a $19.00 price objective on shares of Tile Shop Hldgs and gave the company a “buy” rating in a research note on Tuesday, July 18th.
Shares of Tile Shop Hldgs (NASDAQ:TTS) traded down 0.294% during mid-day trading on Monday, hitting $8.475. The stock had a trading volume of 1,344,031 shares. Tile Shop Hldgs has a 12 month low of $8.25 and a 12 month high of $22.40. The stock’s 50-day moving average is $14.46 and its 200 day moving average is $17.86. The firm has a market cap of $440.05 million, a PE ratio of 21.188 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last issued its earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $89.50 million for the quarter, compared to analyst estimates of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities research analysts predict that Tile Shop Hldgs will post $0.43 earnings per share for the current fiscal year.
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In other news, Director Peter J. Jacullo III bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average price of $13.90 per share, for a total transaction of $139,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter H. Kamin bought 29,600 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were purchased at an average price of $13.60 per share, for a total transaction of $402,560.00. Following the transaction, the director now owns 471,002 shares of the company’s stock, valued at approximately $6,405,627.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 259,454 shares of company stock valued at $3,710,115. 24.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Tile Shop Hldgs by 300.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock valued at $6,769,000 after acquiring an additional 263,745 shares during the period. State Street Corp increased its stake in Tile Shop Hldgs by 6.7% during the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after buying an additional 47,340 shares during the period. UBS Group AG increased its stake in Tile Shop Hldgs by 558.4% during the 1st quarter. UBS Group AG now owns 24,591 shares of the company’s stock worth $474,000 after buying an additional 20,856 shares during the period. Legal & General Group Plc increased its stake in Tile Shop Hldgs by 1.5% during the 1st quarter. Legal & General Group Plc now owns 55,668 shares of the company’s stock worth $1,070,000 after buying an additional 820 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Tile Shop Hldgs by 16.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 856,455 shares of the company’s stock worth $17,686,000 after buying an additional 121,823 shares during the period. 68.33% of the stock is currently owned by institutional investors and hedge funds.
About Tile Shop Hldgs
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 ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
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