Tile Shop (NASDAQ:TTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Tile Shop Holdings, Inc. is the parent company of The Tile Shop. The Tile Shop is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers floor, wall, natural stone, ceramic, porcelain, glass, and metal tile products; tile patterns; basins; fixtures; listellos/borders; and profiles. Tile Shop Holdings, Inc. is based in Plymouth, Minnesota. “

Other equities research analysts have also recently issued reports about the stock. Loop Capital lowered their price objective on shares of Tile Shop from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Friday, October 13th. Piper Jaffray Companies reissued a “neutral” rating and issued a $8.50 price objective (down from $14.00) on shares of Tile Shop in a research note on Tuesday, October 3rd. BidaskClub cut shares of Tile Shop from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Telsey Advisory Group cut shares of Tile Shop from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $7.00 in a research note on Tuesday, October 3rd. Finally, Citigroup lowered their price objective on shares of Tile Shop from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Tile Shop presently has an average rating of “Hold” and a consensus target price of $8.92.

Tile Shop (NASDAQ:TTS) opened at $8.35 on Tuesday. The company has a market cap of $438.13, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.39 and a current ratio of 1.55. Tile Shop has a 12-month low of $8.08 and a 12-month high of $22.40.

Tile Shop (NASDAQ:TTS) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Tile Shop had a net margin of 5.38% and a return on equity of 15.40%. The company had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.05 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Tile Shop’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts expect that Tile Shop will post 0.41 earnings per share for the current year.

In other Tile Shop news, Director Christopher Thomas Cook purchased 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $8.42 per share, for a total transaction of $186,924.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kirk Geadelmann purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was acquired at an average price of $8.75 per share, for a total transaction of $43,750.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 80,967 shares of company stock worth $692,907. Insiders own 24.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC raised its holdings in Tile Shop by 529.9% in the second quarter. Citadel Advisors LLC now owns 27,416 shares of the company’s stock valued at $566,000 after buying an additional 33,794 shares during the period. New York State Common Retirement Fund raised its stake in shares of Tile Shop by 29.1% during the second quarter. New York State Common Retirement Fund now owns 80,546 shares of the company’s stock valued at $1,663,000 after purchasing an additional 18,164 shares during the period. Skylands Capital LLC raised its stake in shares of Tile Shop by 41.9% during the third quarter. Skylands Capital LLC now owns 634,250 shares of the company’s stock valued at $8,055,000 after purchasing an additional 187,195 shares during the period. Vanguard Group Inc. raised its stake in shares of Tile Shop by 3.3% during the second quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock valued at $61,603,000 after purchasing an additional 94,168 shares during the period. Finally, State Street Corp raised its stake in shares of Tile Shop by 6.7% during the first quarter. State Street Corp now owns 749,255 shares of the company’s stock valued at $14,422,000 after purchasing an additional 47,340 shares during the period. Hedge funds and other institutional investors own 66.79% of the company’s stock.

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About Tile Shop

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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