Tile Shop Hldgs, Inc. (TTS) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.90.
A number of research analysts have weighed in on TTS shares. TheStreet downgraded Tile Shop Hldgs from a “b-” rating to a “c” rating in a report on Wednesday, October 11th. CJS Securities downgraded Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Tuesday, October 3rd. Zacks Investment Research raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. BidaskClub cut Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, Loop Capital restated a “hold” rating and issued a $12.00 price target (down previously from $15.00) on shares of Tile Shop Hldgs in a research report on Tuesday, October 3rd.
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A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC lifted its position in Tile Shop Hldgs by 529.9% during the 2nd quarter. Citadel Advisors LLC now owns 27,416 shares of the company’s stock worth $566,000 after acquiring an additional 33,794 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Tile Shop Hldgs by 29.1% in the 2nd quarter. New York State Common Retirement Fund now owns 80,546 shares of the company’s stock valued at $1,663,000 after buying an additional 18,164 shares during the period. Skylands Capital LLC lifted its holdings in shares of Tile Shop Hldgs by 41.9% in the 3rd quarter. Skylands Capital LLC now owns 634,250 shares of the company’s stock valued at $8,055,000 after buying an additional 187,195 shares during the period. State Street Corp lifted its holdings in shares of Tile Shop Hldgs by 6.7% in the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock valued at $14,422,000 after buying an additional 47,340 shares during the period. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in shares of Tile Shop Hldgs by 71.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 71,700 shares of the company’s stock valued at $911,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 65.90% of the company’s stock.
Shares of Tile Shop Hldgs (NASDAQ:TTS) opened at $8.35 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.04. Tile Shop Hldgs has a 1-year low of $8.08 and a 1-year high of $22.40. The company has a market capitalization of $448.56, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.74.
Tile Shop Hldgs (NASDAQ:TTS) last released its earnings results on Tuesday, October 17th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Tile Shop Hldgs had a return on equity of 15.40% and a net margin of 5.38%. The business had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84.05 million. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts anticipate that Tile Shop Hldgs will post 0.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.20 annualized dividend and a yield of 2.40%. Tile Shop Hldgs’s payout ratio is currently 55.56%.
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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