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Tile Shop Hldgs (NYSE:TTS)’s share price fell 7.8% on Tuesday after the company announced weaker than expected quarterly earnings, AnalystRatingsNetwork.com reports. The company traded as low as $9.06 and last traded at $9.74, with a volume of 2,111,997 shares changing hands. The stock had previously closed at $10.56.

The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.03. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $68.50 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis.

A number of analysts have recently weighed in on TTS shares. Analysts at Credit Suisse cut their price target on shares of Tile Shop Hldgs from $16.00 to $12.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Tile Shop Hldgs from $16.00 to $13.00 in a research note on Tuesday. They now have a “not rated” rating on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of Tile Shop Hldgs from $17.00 to $16.00 in a research note on Friday, July 11th. They now have a “not rated” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.40.

The stock has a 50-day moving average of $13.6 and a 200-day moving average of $14.59. The company has a market cap of $483.7 million and a price-to-earnings ratio of 42.41.

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