Tile Shop Hldgs, Inc. (TTS) Downgraded to Market Perform at CJS Securities
Tile Shop Hldgs, Inc. (NASDAQ:TTS) was downgraded by stock analysts at CJS Securities from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a $10.00 price target on the stock. CJS Securities’ price target suggests a potential upside of 18.34% from the company’s current price.
A number of other analysts also recently commented on the company. BidaskClub raised Tile Shop Hldgs from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Stifel Nicolaus restated a “hold” rating and set a $15.00 price target (down from $18.00) on shares of Tile Shop Hldgs in a research note on Friday, July 21st. Zacks Investment Research upgraded Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Loop Capital assumed coverage on Tile Shop Hldgs in a report on Wednesday, July 19th. They issued a “hold” rating and a $15.00 price objective on the stock. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 price objective (down from $21.00) on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.07.
Shares of Tile Shop Hldgs (TTS) opened at 8.45 on Tuesday. Tile Shop Hldgs has a 52-week low of $8.25 and a 52-week high of $22.40. The stock’s 50 day moving average is $14.64 and its 200 day moving average is $17.93. The stock has a market cap of $438.75 million, a price-to-earnings ratio of 21.12 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last announced its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (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 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 firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. On average, equities analysts expect that Tile Shop Hldgs will post $0.51 earnings per share for the current fiscal year.
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In other Tile Shop Hldgs news, Director Robert A. Rucker sold 100,000 shares of Tile Shop Hldgs stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $20.16, for a total transaction of $2,016,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Peter H. Kamin bought 37,782 shares of the stock in a transaction on Wednesday, July 19th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $547,839.00. Following the purchase, the director now owns 435,908 shares in the company, valued at $6,320,666. The disclosure for this purchase can be found here. Insiders purchased a total of 259,454 shares of company stock worth $3,710,115 in the last three months. 24.30% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Tile Shop Hldgs by 0.8% during the second quarter. BlackRock Inc. now owns 4,439,098 shares of the company’s stock valued at $91,667,000 after purchasing an additional 36,762 shares during the last quarter. Vanguard Group Inc. grew its stake in Tile Shop Hldgs by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock valued at $61,603,000 after purchasing an additional 94,168 shares in the last quarter. Alliancebernstein L.P. grew its stake in Tile Shop Hldgs by 17.2% in the second quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock valued at $33,610,000 after purchasing an additional 238,874 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Tile Shop Hldgs by 3.7% in the first quarter. Loomis Sayles & Co. L P now owns 1,102,407 shares of the company’s stock valued at $21,221,000 after purchasing an additional 39,097 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its stake in Tile Shop Hldgs by 17.3% in the second quarter. Emerald Advisers Inc. PA now owns 1,059,339 shares of the company’s stock valued at $21,875,000 after purchasing an additional 156,067 shares in the last quarter. 68.33% of the stock is owned by institutional investors and hedge funds.
About Tile Shop Hldgs
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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