Tile Shop Hldgs, Inc. (TTS) Cut to Hold at BidaskClub
Tile Shop Hldgs, Inc. (NASDAQ:TTS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.
A number of other equities analysts have also recently weighed in on TTS. Zacks Investment Research cut Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price target (down from $21.00) on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. Citigroup Inc. cut their price target on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, July 19th. Piper Jaffray Companies set a $19.00 price target on Tile Shop Hldgs and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Loop Capital began 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. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Tile Shop Hldgs currently has a consensus rating of “Hold” and a consensus price target of $17.17.
Tile Shop Hldgs (NASDAQ:TTS) traded up 0.33% during mid-day trading on Thursday, reaching $15.40. The company had a trading volume of 43,942 shares. The stock has a market capitalization of $799.61 million, a price-to-earnings ratio of 38.50 and a beta of 1.87. Tile Shop Hldgs has a 52-week low of $13.30 and a 52-week high of $22.40. The company’s 50 day moving average is $14.95 and its 200 day moving average is $18.39.
Tile Shop Hldgs (NASDAQ:TTS) last posted its earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $89.50 million for 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 firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Equities analysts predict that Tile Shop Hldgs will post $0.52 earnings per share for the current year.
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In other Tile Shop Hldgs news, Director Peter H. Kamin bought 29,600 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average cost of $13.60 per share, for a total transaction of $402,560.00. Following the completion of the purchase, the director now owns 471,002 shares of the company’s stock, valued at approximately $6,405,627.20. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert A. Rucker sold 14,801 shares of the company’s 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 disclosure for this sale can be found here. Over the last quarter, insiders purchased 259,454 shares of company stock valued at $3,710,115 and sold 150,000 shares valued at $3,041,348. Corporate insiders own 24.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Tile Shop Hldgs by 300.1% in the first quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock valued at $6,769,000 after purchasing an additional 263,745 shares during the last quarter. State Street Corp increased its stake in Tile Shop Hldgs by 6.7% in the first quarter. State Street Corp now owns 749,255 shares of the company’s stock valued at $14,422,000 after purchasing an additional 47,340 shares during the last quarter. UBS Group AG increased its stake in Tile Shop Hldgs by 558.4% in the first quarter. UBS Group AG now owns 24,591 shares of the company’s stock valued at $474,000 after purchasing an additional 20,856 shares during the last quarter. Legal & General Group Plc increased its stake in Tile Shop Hldgs by 1.5% in the first quarter. Legal & General Group Plc now owns 55,668 shares of the company’s stock valued at $1,070,000 after purchasing an additional 820 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Tile Shop Hldgs by 16.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 856,455 shares of the company’s stock valued at $17,686,000 after purchasing an additional 121,823 shares during the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.
Tile Shop Hldgs Company Profile
Tile Shop Holdings, Inc operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,000 products, including ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
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