Tile Shop Hldgs, Inc. (TTS) Stock Rating Reaffirmed by Stifel Nicolaus

Tile Shop Hldgs, Inc. (NASDAQ:TTS)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $15.00 target price on the stock, down from their previous target price of $18.00. Stifel Nicolaus’ price target would suggest a potential upside of 7.53% from the stock’s previous close.

A number of other equities analysts have also weighed in on TTS. Zacks Investment Research raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Thursday, March 23rd. Telsey Advisory Group upped their price target on Tile Shop Hldgs from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Tuesday, April 18th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $22.00 price target (up previously from $19.00) on shares of Tile Shop Hldgs in a research note on Saturday, April 22nd. BidaskClub raised Tile Shop Hldgs from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Loop Capital started coverage on Tile Shop Hldgs in a research note on Wednesday. They issued a “hold” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.17.

Shares of Tile Shop Hldgs (NASDAQ TTS) opened at 13.95 on Friday. The stock has a market cap of $720.35 million, a price-to-earnings ratio of 36.71 and a beta of 1.94. Tile Shop Hldgs has a 1-year low of $13.90 and a 1-year high of $22.40. The firm has a 50-day moving average price of $19.84 and a 200-day moving average price of $19.47.

Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $89.50 million for the quarter, compared to analyst estimates of $93.20 million. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Equities analysts forecast that Tile Shop Hldgs will post $0.53 EPS for the current year.

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In other news, VP Carl Randazzo sold 2,637 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $21.90, for a total value of $57,750.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Todd Krasnow sold 15,391 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $20.55, for a total value of $316,285.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 919,651 shares of company stock worth $18,471,352. Corporate insiders own 24.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its stake in Tile Shop Hldgs by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock valued at $258,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Tile Shop Hldgs by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,692 shares of the company’s stock valued at $186,000 after buying an additional 134 shares in the last quarter. Arizona State Retirement System increased its stake in Tile Shop Hldgs by 1.2% in the first quarter. Arizona State Retirement System now owns 17,200 shares of the company’s stock valued at $331,000 after buying an additional 200 shares in the last quarter. 1st Global Advisors Inc. increased its stake in Tile Shop Hldgs by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 21,554 shares of the company’s stock valued at $415,000 after buying an additional 315 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Tile Shop Hldgs by 7.7% in the second quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after buying an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 69.09% of the company’s stock.

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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