Tile Shop Hldgs, Inc. (TTS) Lifted to “Buy” at BidaskClub
BidaskClub upgraded shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) from a hold rating to a buy rating in a report published on Saturday morning.
A number of other research firms also recently issued reports on TTS. 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. Stifel Nicolaus reiterated a hold rating and set a $15.00 price objective (down from $18.00) on shares of Tile Shop Hldgs in a research note on Friday, July 21st. Citigroup Inc. dropped their price objective on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a neutral rating on the stock in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of Tile Shop Hldgs from a hold rating to a sell rating in a research note on Friday, July 21st. Finally, Loop Capital initiated coverage on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. They set a hold rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Tile Shop Hldgs currently has an average rating of Hold and a consensus price target of $17.17.
Shares of Tile Shop Hldgs (NASDAQ:TTS) opened at 15.20 on Friday. Tile Shop Hldgs has a 52-week low of $13.30 and a 52-week high of $22.40. The firm has a 50 day moving average price of $15.74 and a 200-day moving average price of $18.63. The company has a market cap of $789.23 million, a price-to-earnings ratio of 38.00 and a beta of 1.87.
Tile Shop Hldgs (NASDAQ:TTS) last issued its earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $89.50 million during the quarter, compared to the consensus estimate of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. Tile Shop Hldgs’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Equities research analysts anticipate that Tile Shop Hldgs will post $0.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were paid a dividend of $0.05 per share. The ex-dividend date was Friday, July 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. Tile Shop Hldgs’s dividend payout ratio is presently 50.00%.
In related news, major shareholder Nabron International Inc. sold 106,806 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $20.16, for a total transaction of $2,153,208.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert A. Rucker sold 35,199 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $20.43, for a total transaction of $719,115.57. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 259,454 shares of company stock worth $3,710,115 and have sold 702,427 shares worth $14,086,541. 24.30% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of TTS. Voya Investment Management LLC boosted its stake in Tile Shop Hldgs by 4,014.4% in the second quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock worth $10,061,000 after buying an additional 475,344 shares during the last quarter. 1060 Capital LLC purchased a new stake in Tile Shop Hldgs during the first quarter worth approximately $6,646,000. Goldman Sachs Group Inc. boosted its stake in Tile Shop Hldgs by 300.1% in the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after buying an additional 263,745 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Tile Shop Hldgs by 17.2% in the second quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock worth $33,610,000 after buying an additional 238,874 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in Tile Shop Hldgs during the second quarter worth approximately $4,860,000. 68.33% of the stock is owned by institutional investors.
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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