Tile Shop Hldgs, Inc. (NASDAQ:TTS)‘s stock had its “hold” rating reiterated by investment analysts at Loop Capital in a note issued to investors on Tuesday. They currently have a $12.00 price target on the stock, down from their prior price target of $15.00. Loop Capital’s target price suggests a potential upside of 42.01% from the company’s previous close.

A number of other research analysts also recently weighed in on TTS. BidaskClub raised Tile Shop Hldgs from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 target price (down previously from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. Citigroup Inc. lowered their price target on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, July 19th. 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. Finally, Zacks Investment Research lowered shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $13.25.

Shares of Tile Shop Hldgs (NASDAQ TTS) traded down 35.98% during mid-day trading on Tuesday, reaching $8.45. 15,704,133 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $14.82 and a 200-day moving average price of $18.01. The company has a market capitalization of $438.75 million, a P/E ratio of 21.12 and a beta of 1.80. Tile Shop Hldgs has a 1-year low of $8.25 and a 1-year high of $22.40.

Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. On average, equities research analysts forecast that Tile Shop Hldgs will post $0.51 earnings per share for the current fiscal year.

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In related news, Director Robert A. Rucker sold 35,199 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $20.43, for a total transaction of $719,115.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Homeister purchased 9,000 shares of Tile Shop Hldgs stock in a transaction on Friday, July 21st. The stock was bought 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. In the last 90 days, insiders have purchased 259,454 shares of company stock valued at $3,710,115. 24.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its holdings in shares of Tile Shop Hldgs by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the company’s stock worth $279,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Tile Shop Hldgs by 1.4% during the first quarter. PNC Financial Services Group Inc. now owns 9,692 shares of the company’s stock valued at $186,000 after buying an additional 134 shares during the last quarter. Arizona State Retirement System raised its position in shares of Tile Shop Hldgs by 1.2% during the first quarter. Arizona State Retirement System now owns 17,200 shares of the company’s stock valued at $331,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Tile Shop Hldgs by 1.1% during the second quarter. Texas Permanent School Fund now owns 24,129 shares of the company’s stock valued at $498,000 after buying an additional 257 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Tile Shop Hldgs by 3.5% during 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. 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.

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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