BidaskClub lowered shares of Tile Shop (NASDAQ:TTS) from a strong-buy rating to a buy rating in a research note issued to investors on Monday, February 4th.
Several other equities research analysts also recently issued reports on TTS. Robert W. Baird cut their target price on shares of Tile Shop from $9.00 to $7.00 and set a neutral rating for the company in a research note on Friday, October 19th. Piper Jaffray Companies reiterated a hold rating and issued a $7.00 target price on shares of Tile Shop in a research note on Monday, October 22nd. ValuEngine downgraded shares of Tile Shop from a hold rating to a sell rating in a research note on Friday, January 4th. Telsey Advisory Group raised shares of Tile Shop from an underperform rating to a market perform rating and increased their price target for the company from $6.00 to $7.50 in a report on Wednesday, October 31st. Finally, Zacks Investment Research cut shares of Tile Shop from a buy rating to a hold rating in a report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $7.50.
NASDAQ TTS traded down $0.01 on Monday, reaching $6.32. The company had a trading volume of 436,363 shares, compared to its average volume of 448,683. The firm has a market cap of $323.95 million, a PE ratio of 31.60, a PEG ratio of 1.00 and a beta of 1.97. The company has a current ratio of 2.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.37. Tile Shop has a 1-year low of $5.20 and a 1-year high of $9.50.
Tile Shop (NASDAQ:TTS) last announced its earnings results on Tuesday, February 19th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Tile Shop had a return on equity of 7.07% and a net margin of 2.92%. The company had revenue of $83.90 million during the quarter, compared to analyst estimates of $84.04 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Tile Shop’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts forecast that Tile Shop will post 0.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, March 4th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, March 1st. This represents a $0.20 annualized dividend and a dividend yield of 3.16%. Tile Shop’s dividend payout ratio is presently 100.00%.
In other news, Director Peter J. Jacullo III acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $5.35 per share, with a total value of $107,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter H. Kamin acquired 132,993 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average cost of $5.90 per share, for a total transaction of $784,658.70. The disclosure for this purchase can be found here. Insiders have bought 254,997 shares of company stock worth $1,483,761 over the last ninety days. Insiders own 25.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in Tile Shop by 12.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 198,175 shares of the company’s stock valued at $1,526,000 after buying an additional 22,272 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Tile Shop by 0.4% during the second quarter. BlackRock Inc. now owns 5,829,618 shares of the company’s stock worth $44,888,000 after purchasing an additional 23,398 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Tile Shop by 31.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,770 shares of the company’s stock worth $16,192,000 after purchasing an additional 499,380 shares during the period. Bank of America Corp DE lifted its holdings in shares of Tile Shop by 3.5% during the second quarter. Bank of America Corp DE now owns 337,719 shares of the company’s stock worth $2,600,000 after purchasing an additional 11,423 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Tile Shop by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 700,846 shares of the company’s stock worth $5,396,000 after purchasing an additional 80,329 shares during the period. 62.55% of the stock is currently owned by institutional investors and hedge funds.
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 marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.
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