Tile Shop Hldgs, Inc. (TTS) PT Lowered to $10.00
Tile Shop Hldgs, Inc. (NASDAQ:TTS) had its price objective lowered by stock analysts at Stifel Nicolaus from $15.00 to $10.00 in a research report issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 16.28% from the company’s current price.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Telsey Advisory Group restated a “market perform” rating and issued a $17.00 price target (down from $21.00) on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. Citigroup Inc. cut their price target on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, July 19th. CJS Securities cut shares of Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a report on Tuesday. Finally, BidaskClub cut shares of Tile Shop Hldgs from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.75.
Tile Shop Hldgs (NASDAQ:TTS) traded up 2.616% during midday trading on Wednesday, hitting $8.825. 651,706 shares of the stock traded hands. The firm’s 50-day moving average is $14.29 and its 200-day moving average is $17.80. Tile Shop Hldgs has a 52-week low of $8.25 and a 52-week high of $22.40. The company has a market cap of $458.22 million, a price-to-earnings ratio of 22.062 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last posted its quarterly 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%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. Analysts predict that Tile Shop Hldgs will post $0.43 EPS for the current year.
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In other Tile Shop Hldgs news, Director Robert A. Rucker sold 100,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $20.16, for a total transaction of $2,016,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter H. Kamin bought 29,600 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were acquired at an average price of $13.60 per share, for a total transaction of $402,560.00. Following the completion of the acquisition, the director now owns 471,002 shares in the company, valued at $6,405,627.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 259,454 shares of company stock worth $3,710,115. 24.30% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of TTS. Bank of Montreal Can grew its holdings in Tile Shop Hldgs by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock worth $120,000 after acquiring an additional 416 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Tile Shop Hldgs by 13.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock worth $132,000 after acquiring an additional 802 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Tile Shop Hldgs by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock worth $134,000 after acquiring an additional 2,885 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Tile Shop Hldgs by 6.8% during the 1st quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock worth $148,000 after acquiring an additional 494 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Tile Shop Hldgs by 14.7% during the 1st quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock worth $157,000 after acquiring an additional 1,046 shares in the last quarter. Institutional investors own 68.33% of the company’s stock.
Tile Shop Hldgs Company Profile
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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