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Equities research analysts at Telsey Advisory Group dropped their price target on shares of Tile Shop Hldgs (NYSE:TTS) from $17.00 to $16.00 in a research note issued to investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 35.59% from the stock’s previous close.

Shares of Tile Shop Hldgs (NYSE:TTS) traded down 4.58% on Friday, hitting $11.25. 964,150 shares of the company’s stock traded hands. Tile Shop Hldgs has a 52-week low of $10.05 and a 52-week high of $30.48. The stock has a 50-day moving average of $15.09 and a 200-day moving average of $15.21. The company has a market cap of $576.5 million and a price-to-earnings ratio of 47.35.

Tile Shop Hldgs (NYSE:TTS) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $64.40 million for the quarter, compared to the consensus estimate of $67.39 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Tile Shop Hldgs will post $0.41 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Tile Shop Hldgs in a research note on Thursday. They now have a $16.00 price target on the stock, down previously from $18.00. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Tile Shop Hldgs in a research note on Thursday, May 1st. They now have a $14.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $17.80.

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