Insider Buying: Tile Shop Hldgs Director Purchases 50,000 Shares of Stock (TTS)
Tile Shop Hldgs (NYSE:TTS) Director Adam L. Suttin acquired 50,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $10.02 per share, with a total value of $501,000.00. Following the transaction, the director now directly owns 453,489 shares in the company, valued at approximately $4,543,960. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on TTS. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Tile Shop Hldgs in a research note on Wednesday, July 30th. They now have a $10.00 price target on the stock, down previously from $14.00. Separately, 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, July 29th. They now have an “outperform” rating on the stock. Finally, 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, July 29th. They now have a “not rated” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Tile Shop Hldgs currently has an average rating of “Buy” and a consensus price target of $15.60.
Shares of Tile Shop Hldgs (NYSE:TTS) traded up 0.71% on Monday, hitting $9.91. 672,371 shares of the company’s stock traded hands. Tile Shop Hldgs has a 52-week low of $9.06 and a 52-week high of $30.25. The stock’s 50-day moving average is $12.95 and its 200-day moving average is $14.40. The company has a market cap of $507.8 million and a P/E ratio of 38.59.
Tile Shop Hldgs (NYSE:TTS) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.13 earnings per share. Tile Shop Hldgs’s revenue was up 14.8% compared to the same quarter last year. Analysts expect that Tile Shop Hldgs will post $0.32 EPS for the current fiscal year.
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