Tile Shop Holdings Inc. (TTS) Receives Average Rating of “Hold” from Brokerages
Tile Shop Holdings Inc. (NASDAQ:TTS) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.63.
TTS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Tile Shop Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Saturday, July 23rd. Citigroup Inc. decreased their price objective on Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, August 23rd.
In other Tile Shop Holdings news, Director Todd Krasnow sold 10,000 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $17.14, for a total value of $171,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert A. Rucker sold 50,000 shares of the stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $17.04, for a total value of $852,000.00. The disclosure for this sale can be found here. 26.10% of the stock is owned by company insiders.
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A number of large investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. purchased a new position in shares of Tile Shop Holdings during the first quarter valued at about $305,000. Landscape Capital Management L.L.C. purchased a new position in shares of Tile Shop Holdings during the first quarter valued at about $688,000. Menta Capital LLC boosted its position in shares of Tile Shop Holdings by 94.0% in the first quarter. Menta Capital LLC now owns 43,552 shares of the company’s stock valued at $649,000 after buying an additional 21,102 shares during the last quarter. Credit Agricole S A boosted its position in shares of Tile Shop Holdings by 13.6% in the first quarter. Credit Agricole S A now owns 114,686 shares of the company’s stock valued at $1,710,000 after buying an additional 13,721 shares during the last quarter. Finally, Zelman Capital LLC purchased a new position in shares of Tile Shop Holdings during the first quarter valued at about $3,203,000. Institutional investors own 64.27% of the company’s stock.
Tile Shop Holdings (NASDAQ:TTS) traded up 2.10% during midday trading on Monday, hitting $17.00. The company’s stock had a trading volume of 323,932 shares. The company’s 50-day moving average is $16.14 and its 200 day moving average is $17.32. Tile Shop Holdings has a one year low of $12.40 and a one year high of $21.05. The company has a market cap of $875.79 million, a price-to-earnings ratio of 41.46 and a beta of 2.07.
Tile Shop Holdings (NASDAQ:TTS) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Tile Shop Holdings had a return on equity of 18.43% and a net margin of 6.75%. The business had revenue of $84.30 million for the quarter, compared to the consensus estimate of $84.18 million. On average, analysts predict that Tile Shop Holdings will post $0.45 EPS for the current year.
About Tile Shop Holdings
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