Tile Shop Hldgs, Inc. (NASDAQ:TTS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $16.60.

Several equities analysts have recently issued reports on the company. BidaskClub raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Loop Capital assumed coverage on Tile Shop Hldgs in a research note on Wednesday, July 19th. They set a “hold” rating and a $15.00 target price on the stock. Stifel Nicolaus reissued a “hold” rating and set a $15.00 target price (down from $18.00) on shares of Tile Shop Hldgs in a research note on Friday, July 21st. Piper Jaffray Companies set a $19.00 target price on Tile Shop Hldgs and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, Telsey Advisory Group boosted their target price on Tile Shop Hldgs from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Tuesday, April 18th.

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Tile Shop Hldgs (NASDAQ:TTS) opened at 15.20 on Friday. The company has a market capitalization of $789.23 million, a PE ratio of 38.00 and a beta of 1.87. The firm’s 50 day moving average price is $17.19 and its 200-day moving average price is $18.94. Tile Shop Hldgs has a 12-month low of $13.30 and a 12-month high of $22.40.

Tile Shop Hldgs (NASDAQ:TTS) last posted 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. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The business had revenue of $89.50 million for the quarter, compared to analysts’ expectations of $93.20 million. During the same period last year, the firm posted $0.14 earnings per share. Tile Shop Hldgs’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Tile Shop Hldgs will post $0.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.20 annualized dividend and a yield of 1.32%. Tile Shop Hldgs’s payout ratio is 50.00%.

In related news, Director Robert A. Rucker sold 14,801 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was 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 SEC, which can be accessed through this hyperlink. Also, CEO Chris Homeister purchased 9,000 shares of Tile Shop Hldgs stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $13.98 per share, for a total transaction of $125,820.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 259,454 shares of company stock worth $3,710,115 and sold 901,623 shares worth $18,097,316. 24.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of TTS. Bank of Montreal Can boosted its stake 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. State of Alaska Department of Revenue boosted its stake 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. BNP Paribas Arbitrage SA boosted its stake 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. Mason Street Advisors LLC boosted its stake 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, Municipal Employees Retirement System of Michigan boosted its stake in shares of Tile Shop Hldgs by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the company’s stock valued at $161,000 after buying an additional 260 shares during the last quarter. 69.05% of the stock is currently owned by institutional investors.

Tile Shop Hldgs Company Profile

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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