Tile Shop Hldgs, Inc. (TTS) Price Target Cut to $10.00 by Analysts at Stifel Nicolaus
Tile Shop Hldgs, Inc. (NASDAQ:TTS) had its target price decreased by Stifel Nicolaus from $15.00 to $10.00 in a report released on Wednesday morning. Stifel Nicolaus currently has a hold rating on the stock.
Other analysts have also recently issued reports about the company. Loop Capital began coverage on Tile Shop Hldgs in a research report on Wednesday, July 19th. They issued a hold rating and a $15.00 target price for the company. Telsey Advisory Group reissued a market perform rating and issued a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. BidaskClub cut Tile Shop Hldgs from a hold rating to a sell rating in a research report on Friday, July 28th. Piper Jaffray Companies reissued a neutral rating and issued a $8.50 target price (down from $14.00) on shares of Tile Shop Hldgs in a research report on Tuesday. Finally, Zacks Investment Research cut Tile Shop Hldgs from a hold rating to a sell rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Tile Shop Hldgs has a consensus rating of Hold and a consensus target price of $9.75.
Shares of Tile Shop Hldgs (NASDAQ:TTS) traded up 1.18% on Wednesday, hitting $8.60. The stock had a trading volume of 1,958,578 shares. The firm’s 50-day moving average price is $14.46 and its 200 day moving average price is $17.86. The firm has a market cap of $446.54 million, a PE ratio of 21.50 and a beta of 1.79. Tile Shop Hldgs has a 52-week low of $8.25 and a 52-week high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last announced its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $89.50 million during the quarter, compared to analyst estimates of $93.20 million. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. On average, equities research analysts predict that Tile Shop Hldgs will post $0.43 EPS for the current year.
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In related news, Director Peter H. Kamin acquired 29,600 shares of Tile Shop Hldgs stock in a transaction on Tuesday, July 25th. The stock was purchased at an average cost of $13.60 per share, with a total value of $402,560.00. Following the purchase, the director now directly owns 471,002 shares in the company, valued at $6,405,627.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter H. Kamin acquired 159,000 shares of Tile Shop Hldgs stock in a transaction on Thursday, July 20th. The shares were bought at an average cost of $14.43 per share, with a total value of $2,294,370.00. Following the completion of the purchase, the director now owns 435,908 shares in the company, valued at $6,290,152.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 259,454 shares of company stock valued at $3,710,115. 24.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TTS. Voya Investment Management LLC raised its stake in Tile Shop Hldgs by 4,014.4% during the 2nd quarter. Voya Investment Management LLC now owns 487,185 shares of the company’s stock valued at $10,061,000 after acquiring an additional 475,344 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tile Shop Hldgs by 300.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after buying an additional 263,745 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Tile Shop Hldgs by 17.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,627,584 shares of the company’s stock worth $33,610,000 after buying an additional 238,874 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Tile Shop Hldgs during the 2nd quarter worth approximately $4,860,000. Finally, Emerald Advisers Inc. PA raised its stake in shares of Tile Shop Hldgs by 17.3% during the 2nd quarter. Emerald Advisers Inc. PA now owns 1,059,339 shares of the company’s stock worth $21,875,000 after buying an additional 156,067 shares in the last quarter. 68.33% of the stock is owned by hedge funds and other institutional investors.
Tile Shop Hldgs 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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