Tile Shop Hldgs Trading Down 3.8% on Analyst Downgrade (TTS)
Tile Shop Hldgs (NYSE:TTS) fell 3.8% on Friday after Telsey Advisory Group lowered their price target on the stock from $17.00 to $16.00, Analyst Ratings Network.com reports. Telsey Advisory Group currently has a not rated rating on the stock. Tile Shop Hldgs traded as low as $11.03 and last traded at $11.34, with a volume of 1,130,862 shares traded. The stock had previously closed at $11.79.
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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tile Shop Hldgs presently has an average rating of “Buy” and an average price target of $17.80.
The stock’s 50-day moving average is $15.09 and its 200-day moving average is $15.21. The company has a market cap of $580.0 million and a P/E ratio of 47.35.
Tile Shop Hldgs (NYSE:TTS) last released its earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Tile Shop Hldgs will post $0.41 EPS for the current fiscal year.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.