Shares of Tile Shop Holdings Inc (NASDAQ:TTS) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $7.67.

A number of research analysts have recently commented on the company. BidaskClub raised Tile Shop from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Telsey Advisory Group raised Tile Shop from an “underperform” rating to a “market perform” rating and upped their price target for the company from $6.00 to $7.50 in a research report on Wednesday, October 31st. Zacks Investment Research raised Tile Shop from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $8.50 price target on shares of Tile Shop in a research report on Monday, October 22nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $7.00 price target on shares of Tile Shop in a research report on Monday, October 22nd.

NASDAQ:TTS traded down $0.14 during trading on Tuesday, reaching $6.33. The company’s stock had a trading volume of 258,327 shares, compared to its average volume of 708,928. The company has a market capitalization of $341.35 million, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.44 and a quick ratio of 0.46. Tile Shop has a 12 month low of $5.15 and a 12 month high of $10.50.

Tile Shop (NASDAQ:TTS) last announced its quarterly earnings data on Thursday, October 18th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Tile Shop had a return on equity of 6.22% and a net margin of 1.19%. The firm had revenue of $89.26 million during the quarter, compared to the consensus estimate of $87.12 million. During the same quarter in the prior year, the company earned $0.05 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Tile Shop will post 0.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, October 26th. This represents a $0.20 dividend on an annualized basis and a yield of 3.16%. Tile Shop’s dividend payout ratio (DPR) is 62.50%.

In related news, Director Peter J. Jacullo III acquired 21,077 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average price of $7.14 per share, with a total value of $150,489.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have purchased a total of 202,077 shares of company stock worth $1,266,370 in the last three months. 25.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TTS. Engineers Gate Manager LP bought a new position in shares of Tile Shop during the 3rd quarter valued at about $107,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Tile Shop during the 2nd quarter valued at about $109,000. Aperio Group LLC bought a new position in shares of Tile Shop during the 2nd quarter valued at about $111,000. Guggenheim Capital LLC increased its position in shares of Tile Shop by 55.9% during the 1st quarter. Guggenheim Capital LLC now owns 21,126 shares of the company’s stock valued at $127,000 after purchasing an additional 7,576 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Tile Shop during the 2nd quarter valued at about $148,000. Institutional investors and hedge funds own 62.45% of the company’s stock.

About Tile Shop

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 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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Analyst Recommendations for Tile Shop (NASDAQ:TTS)

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