Piper Jaffray Companies reiterated their neutral rating on shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) in a report published on Tuesday morning. They currently have a $8.50 target price on the stock, down from their prior target price of $14.00.

TTS has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Tile Shop Hldgs from a sell rating to a hold rating in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Tile Shop Hldgs from a hold rating to a buy rating in a research note on Saturday, August 26th. Stifel Nicolaus restated a hold rating and issued a $15.00 price target (down from $18.00) on shares of Tile Shop Hldgs in a research note on Friday, July 21st. Finally, Citigroup Inc. reduced 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 research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $9.75.

Tile Shop Hldgs (NASDAQ:TTS) opened at 8.65 on Tuesday. The firm has a market capitalization of $449.13 million, a price-to-earnings ratio of 21.62 and a beta of 1.79. Tile Shop Hldgs has a 52-week low of $8.25 and a 52-week high of $22.40. The firm has a 50-day moving average of $14.12 and a 200-day moving average of $17.72.

Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 earnings per share (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 company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, equities research analysts forecast that Tile Shop Hldgs will post $0.43 EPS for the current fiscal year.

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In other Tile Shop Hldgs news, Director Peter H. Kamin acquired 159,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was acquired at an average price of $14.43 per share, for a total transaction of $2,294,370.00. Following the acquisition, the director now directly owns 435,908 shares in the company, valued at $6,290,152.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Rucker sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $20.16, for a total transaction of $2,016,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 259,454 shares of company stock worth $3,710,115. 24.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Tile Shop Hldgs by 0.8% in the 2nd quarter. BlackRock Inc. now owns 4,439,098 shares of the company’s stock valued at $91,667,000 after buying an additional 36,762 shares during the last quarter. Vanguard Group Inc. raised its holdings in Tile Shop Hldgs by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock valued at $61,603,000 after buying an additional 94,168 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Tile Shop Hldgs by 17.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock valued at $33,610,000 after buying an additional 238,874 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in Tile Shop Hldgs by 3.7% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,102,407 shares of the company’s stock valued at $21,221,000 after buying an additional 39,097 shares during the last quarter. Finally, Emerald Advisers Inc. PA raised its holdings in Tile Shop Hldgs by 17.3% in the 2nd quarter. Emerald Advisers Inc. PA now owns 1,059,339 shares of the company’s stock valued at $21,875,000 after buying an additional 156,067 shares during the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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