Wall Street brokerages forecast that Tile Shop Holdings, Inc. (NASDAQ:TTS) will report sales of $94.66 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Tile Shop’s earnings, with estimates ranging from $91.20 million to $100.10 million. Tile Shop posted sales of $92.14 million in the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The business is scheduled to announce its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Tile Shop will report full year sales of $94.66 million for the current fiscal year, with estimates ranging from $347.60 million to $382.30 million. For the next year, analysts anticipate that the business will report sales of $396.35 million per share, with estimates ranging from $372.00 million to $420.70 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Tile Shop.
Tile Shop (NASDAQ:TTS) last announced its earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.10). Tile Shop had a return on equity of 11.11% and a net margin of 3.14%. The company had revenue of $78.58 million during the quarter, compared to analysts’ expectations of $84.22 million. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis.
Several brokerages recently issued reports on TTS. BidaskClub lowered shares of Tile Shop from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 24th. Citigroup cut their target price on shares of Tile Shop from $10.00 to $6.60 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Loop Capital cut their target price on shares of Tile Shop to $5.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Stifel Nicolaus cut their target price on shares of Tile Shop from $10.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $6.00 target price (down from $10.00) on shares of Tile Shop in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Tile Shop currently has a consensus rating of “Hold” and an average target price of $7.09.
In related news, Director Todd Krasnow purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average cost of $9.01 per share, with a total value of $90,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter H. Kamin purchased 240,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of $5.50 per share, with a total value of $1,320,000.00. Following the completion of the purchase, the director now owns 518,578 shares of the company’s stock, valued at $2,852,179. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 458,986 shares of company stock valued at $2,556,864. Insiders own 24.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Cortina Asset Management LLC raised its stake in Tile Shop by 23.6% in the third quarter. Cortina Asset Management LLC now owns 405,655 shares of the company’s stock worth $5,152,000 after buying an additional 77,350 shares in the last quarter. BB&T Securities LLC bought a new position in Tile Shop in the third quarter worth about $712,000. Diversified Investment Strategies LLC bought a new position in Tile Shop in the third quarter worth about $2,708,000. Lapides Asset Management LLC bought a new position in shares of Tile Shop during the third quarter valued at approximately $4,342,000. Finally, State Street Corp increased its stake in shares of Tile Shop by 4.2% during the second quarter. State Street Corp now owns 780,395 shares of the company’s stock valued at $16,114,000 after purchasing an additional 31,140 shares in the last quarter. 64.76% of the stock is owned by institutional investors.
Shares of Tile Shop (NASDAQ TTS) traded up $0.10 during trading hours on Friday, reaching $6.00. 929,807 shares of the company traded hands, compared to its average volume of 1,039,888. Tile Shop has a one year low of $5.15 and a one year high of $22.40. The stock has a market capitalization of $312.91, a price-to-earnings ratio of 28.10, a PEG ratio of 1.28 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 0.33.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, March 2nd. Tile Shop’s dividend payout ratio (DPR) is 95.24%.
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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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