Tile Shop Holdings Inc. (TTS) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Tile Shop Holdings Inc. (NASDAQ:TTS) posted its quarterly earnings results on Tuesday. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business earned $78.60 million during the quarter, compared to analysts’ expectations of $78.59 million. Tile Shop Holdings had a return on equity of 18.43% and a net margin of 6.75%.
Tile Shop Holdings (NASDAQ:TTS) opened at 16.75 on Tuesday. Tile Shop Holdings has a 1-year low of $12.40 and a 1-year high of $21.05. The company has a 50-day moving average price of $16.16 and a 200 day moving average price of $17.37. The stock has a market capitalization of $862.91 million, a P/E ratio of 40.85 and a beta of 2.07.
Several analysts have recently commented on the company. Zacks Investment Research cut Tile Shop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Citigroup Inc. reduced their price target on Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/tile-shop-holdings-inc-tts-announces-quarterly-earnings-results-beats-estimates-by-0-02-eps.html
In other news, Director Todd Krasnow sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $17.20, for a total transaction of $774,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip B. Livingston acquired 4,920 shares of Tile Shop Holdings stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average price of $16.97 per share, with a total value of $83,492.40. Following the completion of the transaction, the director now owns 4,568 shares of the company’s stock, valued at approximately $77,518.96. The disclosure for this purchase can be found here. 26.10% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of TTS. Point72 Asset Management L.P. acquired a new position in shares of Tile Shop Holdings during the second quarter valued at about $1,716,000. Parametric Portfolio Associates LLC increased its position in shares of Tile Shop Holdings by 15.5% in the second quarter. Parametric Portfolio Associates LLC now owns 233,177 shares of the company’s stock valued at $4,636,000 after buying an additional 31,261 shares in the last quarter. Menta Capital LLC increased its position in shares of Tile Shop Holdings by 29.6% in the second quarter. Menta Capital LLC now owns 56,452 shares of the company’s stock valued at $1,122,000 after buying an additional 12,900 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Tile Shop Holdings during the second quarter valued at about $267,000. Finally, State Street Corp increased its position in shares of Tile Shop Holdings by 23.7% in the second quarter. State Street Corp now owns 522,247 shares of the company’s stock valued at $10,384,000 after buying an additional 100,131 shares in the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.
Receive News & Ratings for Tile Shop Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.