Tile Shop Hldgs, Inc. (NASDAQ:TTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

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. “

Several other analysts also recently issued reports on TTS. BidaskClub upgraded Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. 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. 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. Stifel Nicolaus reiterated 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. Finally, Telsey Advisory Group reiterated 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.17.

Tile Shop Hldgs (TTS) opened at 15.35 on Thursday. 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 price of $14.95 and a 200-day moving average price of $18.39. The stock has a market capitalization of $797.02 million, a price-to-earnings ratio of 38.38 and a beta of 1.87.

Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $89.50 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, equities research analysts forecast 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 Robert A. Rucker sold 14,801 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $20.69, for a total value of $306,232.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Homeister acquired 9,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was purchased at an average cost of $13.98 per share, with a total value of $125,820.00. The disclosure for this purchase 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. 24.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of TTS. Louisiana State Employees Retirement System boosted its position in Tile Shop Hldgs by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock valued at $258,000 after buying an additional 100 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Tile Shop Hldgs by 5.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 43,694 shares of the company’s stock valued at $841,000 after buying an additional 2,089 shares during the last quarter. First Trust Advisors LP boosted its position in Tile Shop Hldgs by 69.1% in the 1st quarter. First Trust Advisors LP now owns 57,865 shares of the company’s stock valued at $1,114,000 after buying an additional 23,647 shares during the last quarter. US Bancorp DE boosted its position in Tile Shop Hldgs by 4.4% in the 1st quarter. US Bancorp DE now owns 25,400 shares of the company’s stock valued at $489,000 after buying an additional 1,073 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Tile Shop Hldgs by 13.2% in the 1st 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. 68.33% of the stock is owned by institutional investors.

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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Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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