Tile Shop Hldgs’ (TTS) Hold Rating Reiterated at Loop Capital
Tile Shop Hldgs, Inc. (NASDAQ:TTS)‘s stock had its “hold” rating reissued by equities research analysts at Loop Capital in a research report issued on Friday.
TTS has been the subject of several other reports. Zacks Investment Research downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BidaskClub downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Piper Jaffray Companies set a $19.00 target price on Tile Shop Hldgs and gave the company a “buy” rating in a research 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 target price for the company. in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus dropped their target price on Tile Shop Hldgs from $15.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $8.92.
Shares of Tile Shop Hldgs (TTS) traded down 5.85% during mid-day trading on Friday, hitting $8.85. 1,408,258 shares of the stock were exchanged. Tile Shop Hldgs has a 12 month low of $8.20 and a 12 month high of $22.40. The company has a 50-day moving average price of $11.84 and a 200-day moving average price of $16.75. The stock has a market cap of $460.83 million, a price-to-earnings ratio of 24.79 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.05 million. Tile Shop Hldgs had a return on equity of 15.40% and a net margin of 5.38%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. Equities analysts expect that Tile Shop Hldgs will post $0.41 earnings per share for the current year.
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In related news, CFO Kirk Geadelmann acquired 5,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was acquired at an average price of $9.25 per share, for a total transaction of $46,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter J. Jacullo III acquired 48,767 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was bought at an average price of $8.53 per share, with a total value of $415,982.51. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 58,767 shares of company stock valued at $505,983. 24.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Tile Shop Hldgs by 7.7% in the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after buying an additional 416 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Tile Shop Hldgs by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock valued at $134,000 after buying an additional 2,885 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Tile Shop Hldgs in the 3rd quarter valued at about $144,000. Victory Capital Management Inc. boosted its stake in shares of Tile Shop Hldgs by 14.7% in the 1st quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock valued at $157,000 after buying an additional 1,046 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Tile Shop Hldgs by 3.5% in the 2nd 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 period. Institutional investors and hedge funds 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.
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