Tile Shop Hldgs, Inc. (TTS) PT Lowered to $9.00 at Citigroup Inc.
Tile Shop Hldgs, Inc. (NASDAQ:TTS) had its price objective reduced by analysts at Citigroup Inc. from $11.00 to $9.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. Citigroup Inc.’s price target would suggest a potential upside of 8.43% from the company’s current price.
A number of other analysts have also weighed in on the stock. Piper Jaffray Companies set a $19.00 target price on shares of Tile Shop Hldgs and gave the stock a “buy” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. TheStreet lowered shares of Tile Shop Hldgs from a “b-” rating to a “c” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.00 target price (down from $18.00) on shares of Tile Shop Hldgs in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Tile Shop Hldgs presently has a consensus rating of “Hold” and a consensus target price of $8.92.
Tile Shop Hldgs (NASDAQ:TTS) opened at 8.30 on Wednesday. The stock has a 50 day moving average price of $13.16 and a 200-day moving average price of $17.33. Tile Shop Hldgs has a 52 week low of $8.20 and a 52 week high of $22.40. The firm has a market capitalization of $430.96 million, a P/E ratio of 20.75 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The firm had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84.05 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts anticipate that Tile Shop Hldgs will post $0.43 EPS for the current fiscal year.
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In related news, CEO Chris Homeister acquired 9,000 shares of the stock in a transaction on Friday, July 21st. The stock was acquired at an average cost of $13.98 per share, for a total transaction of $125,820.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter H. Kamin acquired 29,600 shares of the stock in a transaction on 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 completion of the acquisition, the director now directly owns 471,002 shares of the company’s stock, valued at $6,405,627.20. The disclosure for this purchase can be found here. Insiders acquired 221,672 shares of company stock valued at $3,162,276 over the last 90 days. 24.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TTS. Victory Capital Management Inc. lifted its holdings in Tile Shop Hldgs by 8.8% in the third quarter. Victory Capital Management Inc. now owns 7,044 shares of the company’s stock worth $117,000 after buying an additional 569 shares during the period. Bank of Montreal Can lifted its holdings in shares of Tile Shop Hldgs by 7.7% during the second quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after purchasing an additional 416 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Tile Shop Hldgs during the third quarter valued at approximately $127,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Tile Shop Hldgs by 13.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock valued at $132,000 after purchasing an additional 802 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Tile Shop Hldgs by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock valued at $134,000 after purchasing an additional 2,885 shares during the last quarter. Institutional investors and hedge funds 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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