Tile Shop Hldgs, Inc. (TTS) PT Lowered to $10.00
Tile Shop Hldgs, Inc. (NASDAQ:TTS) had its price target cut by stock analysts at Stifel Nicolaus from $15.00 to $10.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 18.34% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Zacks Investment Research lowered shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Telsey Advisory Group restated a “market perform” rating and set a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a report on Wednesday, July 19th. Citigroup Inc. lowered their target price 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. BidaskClub lowered Tile Shop Hldgs from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Piper Jaffray Companies set a $19.00 price target on Tile Shop Hldgs and gave the company a “buy” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Tile Shop Hldgs has a consensus rating of “Hold” and an average price target of $12.07.
Shares of Tile Shop Hldgs (NASDAQ TTS) opened at 8.45 on Wednesday. The company has a 50-day moving average price of $14.64 and a 200-day moving average price of $17.93. The company has a market capitalization of $438.75 million, a P/E ratio of 21.12 and a beta of 1.79. Tile Shop Hldgs has a 12 month low of $8.25 and a 12 month high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business 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 business’s revenue 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. On average, analysts forecast that Tile Shop Hldgs will post $0.51 EPS for the current fiscal year.
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In other 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 value of $2,016,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter H. Kamin acquired 29,600 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was bought at an average price of $13.60 per share, with a total value of $402,560.00. Following the purchase, the director now directly owns 471,002 shares in the company, valued at approximately $6,405,627.20. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 259,454 shares of company stock valued at $3,710,115. Insiders own 24.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC raised its holdings in Tile Shop Hldgs by 4,014.4% in the second quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock valued at $10,061,000 after acquiring an additional 475,344 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 worth $6,769,000 after acquiring an additional 263,745 shares during the last quarter. Alliancebernstein L.P. lifted 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 worth $33,610,000 after acquiring an additional 238,874 shares during the last quarter. Jennison Associates LLC purchased a new position in Tile Shop Hldgs in the second quarter worth approximately $4,860,000. Finally, Emerald Advisers Inc. PA lifted 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 worth $21,875,000 after acquiring an additional 156,067 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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