Analysts predict that Tile Shop Hldgs, Inc. (NASDAQ:TTS) will announce $86.64 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Tile Shop Hldgs’ earnings. The lowest sales estimate is $86.23 million and the highest is $86.90 million. Tile Shop Hldgs reported sales of $78.56 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 17th.

On average, analysts expect that Tile Shop Hldgs will report full-year sales of $86.64 million for the current financial year, with estimates ranging from $353.37 million to $355.00 million. For the next year, analysts forecast that the firm will report sales of $397.08 million per share, with estimates ranging from $391.65 million to $404.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Tile Shop Hldgs.

Tile Shop Hldgs (NASDAQ:TTS) last released its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share.

TTS has been the subject of a number of analyst reports. BidaskClub raised Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Piper Jaffray Companies set a $19.00 price target on Tile Shop Hldgs and gave the company a “buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 price target (down from $18.00) on shares of Tile Shop Hldgs in a report on Friday, July 21st. Loop Capital initiated coverage on Tile Shop Hldgs in a report on Wednesday, July 19th. They issued a “hold” rating and a $15.00 price target for the company. Finally, Zacks Investment Research raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.17.

In other news, major shareholder Nabron International Inc. sold 41,827 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $20.44, for a total transaction of $854,943.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter H. Kamin bought 29,600 shares of Tile Shop Hldgs stock in a transaction dated Tuesday, July 25th. The shares were acquired at an average cost of $13.60 per share, with a total value of $402,560.00. Following the completion of the purchase, the director now owns 471,002 shares in the company, valued at $6,405,627.20. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 259,454 shares of company stock valued at $3,710,115 and sold 901,623 shares valued at $18,097,316. Insiders own 24.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TTS. Bank of Montreal Can increased 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 valued at $120,000 after buying an additional 416 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Tile Shop Hldgs by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock valued at $132,000 after buying an additional 802 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Tile Shop Hldgs by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock valued at $134,000 after buying an additional 2,885 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Tile Shop Hldgs by 6.8% in the first quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock valued at $148,000 after buying an additional 494 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Tile Shop Hldgs by 14.7% in the first quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock valued at $157,000 after buying an additional 1,046 shares during the last quarter. 69.05% of the stock is owned by institutional investors and hedge funds.

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Shares of Tile Shop Hldgs (NASDAQ:TTS) opened at 15.00 on Tuesday. The stock has a market capitalization of $777.84 million, a price-to-earnings ratio of 37.50 and a beta of 1.87. Tile Shop Hldgs has a 12-month low of $13.30 and a 12-month high of $22.40. The company has a 50-day moving average of $18.56 and a 200 day moving average of $19.18.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, July 28th. Tile Shop Hldgs’s payout ratio is presently 50.00%.

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