$84.03 Million in Sales Expected for Tile Shop Holdings, Inc. (TTS) This Quarter

Wall Street analysts expect Tile Shop Holdings, Inc. (NASDAQ:TTS) to report sales of $84.03 million for the current quarter, Zacks reports. Three analysts have provided estimates for Tile Shop’s earnings, with the lowest sales estimate coming in at $83.80 million and the highest estimate coming in at $84.30 million. Tile Shop reported sales of $76.61 million in the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The company is expected to report its next quarterly earnings report on Tuesday, February 13th.

On average, analysts expect that Tile Shop will report full-year sales of $84.03 million for the current year, with estimates ranging from $349.90 million to $350.40 million. For the next financial year, analysts expect that the business will post sales of $385.49 million per share, with estimates ranging from $378.68 million to $395.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Tile Shop.

Tile Shop (NASDAQ:TTS) last released its quarterly earnings results on Tuesday, October 17th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Tile Shop had a return on equity of 15.40% and a net margin of 5.38%. The firm had revenue of $84.40 million for the quarter, compared to analyst estimates of $84.05 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 7.4% on a year-over-year basis.

A number of equities research analysts have commented on TTS shares. Piper Jaffray Companies lowered Tile Shop from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $14.00 in a research report on Wednesday, September 27th. Telsey Advisory Group lowered Tile Shop from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $17.00 to $7.00 in a research report on Tuesday, October 3rd. CJS Securities lowered Tile Shop from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research report on Tuesday, October 3rd. Loop Capital reiterated a “hold” rating and issued a $12.00 price target (down previously from $15.00) on shares of Tile Shop in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus cut their target price on Tile Shop from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Tile Shop has a consensus rating of “Hold” and a consensus target price of $8.92.

Tile Shop (NASDAQ:TTS) traded down $0.15 during midday trading on Friday, hitting $10.00. The company’s stock had a trading volume of 418,600 shares, compared to its average volume of 823,042. Tile Shop has a 1 year low of $8.08 and a 1 year high of $22.40. The company has a market cap of $529.40, a price-to-earnings ratio of 27.78, a PEG ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.55 and a quick ratio of 0.39.

In other news, Director Christopher Thomas Cook purchased 22,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $8.42 per share, with a total value of $186,924.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kirk Geadelmann purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were purchased at an average cost of $9.25 per share, for a total transaction of $46,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 275,028 shares of company stock worth $2,334,555. 24.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. HL Financial Services LLC purchased a new stake in shares of Tile Shop in the third quarter worth approximately $130,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Tile Shop in the third quarter worth approximately $144,000. Yorktown Management & Research Co Inc purchased a new stake in shares of Tile Shop in the third quarter worth approximately $145,000. Trexquant Investment LP purchased a new stake in shares of Tile Shop in the third quarter worth approximately $168,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Tile Shop in the fourth quarter worth approximately $187,000. 66.77% of the stock is currently owned by institutional investors and hedge funds.

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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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