Tile Shop Hldgs, Inc. (NASDAQ:TTS) had its target price lowered by Loop Capital from $12.00 to $9.00 in a report released on Friday. The firm presently has a “hold” rating on the stock. Loop Capital’s target price points to a potential upside of 7.78% from the company’s current price.

TTS has been the subject of a number of other reports. Zacks Investment Research downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. 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. CJS Securities downgraded Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 price target for the company. in a report on Tuesday, October 3rd. Stifel Nicolaus lowered their price target on Tile Shop Hldgs from $15.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 4th. Finally, BidaskClub upgraded Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.25.

Shares of Tile Shop Hldgs (NASDAQ:TTS) opened at 8.35 on Friday. Tile Shop Hldgs has a 12-month low of $8.25 and a 12-month high of $22.40. The stock has a 50 day moving average price of $13.41 and a 200 day moving average price of $17.43. The firm has a market capitalization of $433.56 million, a P/E ratio of 20.88 and a beta of 1.79.

Tile Shop Hldgs (NASDAQ:TTS) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The firm had revenue of $89.50 million during the quarter, compared to the consensus estimate of $93.20 million. During the same quarter last year, the firm posted $0.14 earnings per share. Tile Shop Hldgs’s revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Tile Shop Hldgs will post $0.43 earnings per share for the current fiscal year.

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In other Tile Shop Hldgs news, Director Peter H. Kamin purchased 159,000 shares of Tile Shop Hldgs stock in a transaction on Thursday, July 20th. The stock was bought at an average price of $14.43 per share, for a total transaction of $2,294,370.00. Following the transaction, the director now owns 435,908 shares of the company’s stock, valued at approximately $6,290,152.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter H. Kamin purchased 29,600 shares of Tile Shop Hldgs stock in a transaction on Tuesday, July 25th. The shares were acquired at an average price of $13.60 per share, with a total value of $402,560.00. Following the transaction, 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. Insiders have purchased a total of 259,454 shares of company stock valued at $3,710,115 in the last 90 days. Insiders own 24.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in Tile Shop Hldgs by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,638 shares of the company’s stock worth $570,000 after acquiring an additional 1,470 shares during the period. State Street Corp boosted its position in Tile Shop Hldgs by 4.2% during the 2nd quarter. State Street Corp now owns 780,395 shares of the company’s stock worth $16,114,000 after acquiring an additional 31,140 shares during the period. Bamco Inc. NY acquired a new position in Tile Shop Hldgs during the 2nd quarter worth $1,136,000. Voya Investment Management LLC boosted its position in Tile Shop Hldgs by 4,014.4% during the 2nd quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock worth $10,061,000 after acquiring an additional 475,344 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Tile Shop Hldgs by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,232 shares of the company’s stock worth $14,831,000 after acquiring an additional 95,429 shares during the period. Institutional investors own 68.33% of the company’s stock.

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.

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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