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

Equities analysts expect Tile Shop Holdings, Inc. (NASDAQ:TTS) to announce sales of $84.03 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tile Shop’s earnings. The highest sales estimate is $84.30 million and the lowest is $83.80 million. Tile Shop posted sales of $76.61 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The company is scheduled to issue its next earnings results on Tuesday, February 13th.

On average, 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 fiscal 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 calculations are an average based on a survey of sell-side research firms that follow Tile Shop.

Tile Shop (NASDAQ:TTS) last released its quarterly earnings results on Tuesday, October 17th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $84.05 million. During the same quarter last year, the firm posted $0.10 EPS. The company’s revenue was up 7.4% compared to the same quarter last year.

Several analysts have weighed in on TTS shares. BidaskClub raised Tile Shop from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. TheStreet cut Tile Shop from a “b-” rating to a “c” rating in a report on Wednesday, October 11th. Zacks Investment Research raised Tile Shop from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Stifel Nicolaus decreased their price objective on Tile Shop from $15.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 4th. Finally, Loop Capital reissued a “hold” rating and set a $12.00 price objective (down from $15.00) on shares of Tile Shop in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $8.92.

In related news, Director Peter J. Jacullo III purchased 187,828 shares of Tile Shop stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average cost of $8.48 per share, for a total transaction of $1,592,781.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kirk Geadelmann purchased 5,000 shares of Tile Shop stock in a transaction that occurred on Friday, October 20th. The shares were bought at an average price of $8.75 per share, for a total transaction of $43,750.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 318,795 shares of company stock worth $2,704,188. 24.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TTS. Schwab Charles Investment Management Inc. grew its position in Tile Shop by 5.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 121,055 shares of the company’s stock worth $2,331,000 after acquiring an additional 5,814 shares during the last quarter. State Street Corp grew its position in Tile Shop by 6.7% during the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after acquiring an additional 47,340 shares during the last quarter. Bank of Montreal Can grew its position in Tile Shop by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock worth $120,000 after acquiring an additional 416 shares during the last quarter. Russell Investments Group Ltd. grew its position in Tile Shop by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,443 shares of the company’s stock worth $504,000 after acquiring an additional 4,323 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in Tile Shop by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the company’s stock worth $161,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 66.79% of the company’s stock.

Tile Shop (NASDAQ TTS) traded up $0.10 during trading hours on Friday, hitting $9.15. The company’s stock had a trading volume of 2,026,289 shares, compared to its average volume of 837,422. Tile Shop has a 1 year low of $8.08 and a 1 year high of $22.40. The stock has a market cap of $477.25, a PE ratio of 21.28, a P/E/G ratio of 0.90 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04.

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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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