Analysts expect Tile Shop Holdings, Inc. (NASDAQ:TTS) to post sales of $84.03 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Tile Shop’s earnings, with estimates ranging from $83.80 million to $84.30 million. Tile Shop reported sales of $76.61 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The firm is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 13th.
According to Zacks, analysts expect that Tile Shop will report full-year sales of $84.03 million for the current financial year, with estimates ranging from $349.90 million to $350.40 million. For the next financial year, analysts forecast that the firm will report sales of $385.49 million per share, with estimates ranging from $378.68 million to $395.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Tile Shop.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. 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 report on Wednesday, October 18th. Loop Capital restated a “hold” rating on shares of Tile Shop in a research report on Friday, October 27th. Finally, TheStreet downgraded shares of Tile Shop from a “b-” rating to a “c” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.92.
In other Tile Shop news, Director Todd Krasnow bought 10,000 shares of Tile Shop stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of $9.01 per share, with a total value of $90,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher Thomas Cook bought 22,200 shares of Tile Shop stock in a transaction 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 270,028 shares of company stock valued at $2,288,305. 24.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC increased its stake in shares of Tile Shop by 529.9% in the second quarter. Citadel Advisors LLC now owns 27,416 shares of the company’s stock worth $566,000 after purchasing an additional 33,794 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Tile Shop by 29.1% in the second quarter. New York State Common Retirement Fund now owns 80,546 shares of the company’s stock worth $1,663,000 after purchasing an additional 18,164 shares in the last quarter. Skylands Capital LLC increased its stake in shares of Tile Shop by 41.9% in the third quarter. Skylands Capital LLC now owns 634,250 shares of the company’s stock worth $8,055,000 after purchasing an additional 187,195 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Tile Shop by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,983,231 shares of the company’s stock worth $61,603,000 after purchasing an additional 94,168 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Tile Shop by 71.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 71,700 shares of the company’s stock worth $911,000 after purchasing an additional 30,000 shares in the last quarter. 67.14% of the stock is owned by institutional investors and hedge funds.
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Tile Shop 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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