Tile Shop Hldgs, Inc. (NASDAQ:TTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Tile Shop Holdings, Inc. is the parent company of The Tile Shop. The Tile Shop is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers floor, wall, natural stone, ceramic, porcelain, glass, and metal tile products; tile patterns; basins; fixtures; listellos/borders; and profiles. Tile Shop Holdings, Inc. is based in Plymouth, Minnesota. “

A number of other brokerages also recently weighed in on TTS. BidaskClub raised shares of Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Telsey Advisory Group increased their price target on shares of Tile Shop Hldgs from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, April 18th. Loop Capital initiated coverage on shares of Tile Shop Hldgs in a report on Wednesday. They issued a “hold” rating and a $15.00 price target for the company. Piper Jaffray Companies set a $19.00 price target on shares of Tile Shop Hldgs and gave the company a “buy” rating in a report on Tuesday. Finally, Citigroup Inc. reduced their price target on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.67.

Shares of Tile Shop Hldgs (NASDAQ:TTS) opened at 14.15 on Friday. The stock has a 50 day moving average of $19.84 and a 200 day moving average of $19.47. The company has a market cap of $730.68 million, a P/E ratio of 37.24 and a beta of 1.94. Tile Shop Hldgs has a 52-week low of $14.05 and a 52-week high of $22.40.

Tile Shop Hldgs (NASDAQ:TTS) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The company had revenue of $89.50 million during the quarter, compared to the consensus estimate of $93.20 million. During the same period last year, the company earned $0.14 earnings per share. Tile Shop Hldgs’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Tile Shop Hldgs will post $0.53 earnings per share for the current fiscal year.

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In other news, Director Robert A. Rucker sold 14,801 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $20.69, for a total value of $306,232.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd Krasnow sold 15,391 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $20.55, for a total transaction of $316,285.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 919,651 shares of company stock valued at $18,471,352. Corporate insiders own 24.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its position in shares of Tile Shop Hldgs by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock worth $258,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Tile Shop Hldgs by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,692 shares of the company’s stock worth $186,000 after buying an additional 134 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Tile Shop Hldgs by 1.2% in the first quarter. Arizona State Retirement System now owns 17,200 shares of the company’s stock worth $331,000 after buying an additional 200 shares in the last quarter. 1st Global Advisors Inc. boosted its position in shares of Tile Shop Hldgs by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 21,554 shares of the company’s stock worth $415,000 after buying an additional 315 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Tile Shop Hldgs by 7.7% in the second quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock worth $120,000 after buying an additional 416 shares in the last quarter. Institutional investors own 69.09% of the company’s stock.

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Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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