Tile Shop (NASDAQ:TTS) had its price objective decreased by Loop Capital to $7.00 in a research report sent to investors on Friday morning, The Fly reports. Loop Capital currently has a positive rating on the stock.
TTS has been the subject of several other research reports. BidaskClub raised Tile Shop from a sell rating to a hold rating in a research note on Wednesday, September 19th. Citigroup raised their target price on Tile Shop from $7.40 to $10.00 and gave the company a neutral rating in a research note on Friday, July 20th. Zacks Investment Research raised Tile Shop from a sell rating to a hold rating in a research note on Saturday, July 21st. ValuEngine raised Tile Shop from a strong sell rating to a sell rating in a research note on Tuesday, October 2nd. Finally, Robert W. Baird reaffirmed a hold rating and set a $9.00 target price on shares of Tile Shop in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Tile Shop presently has a consensus rating of Hold and an average price target of $8.58.
Shares of TTS stock opened at $6.40 on Friday. Tile Shop has a fifty-two week low of $5.15 and a fifty-two week high of $10.50. The stock has a market cap of $376.84 million, a P/E ratio of 20.00, a PEG ratio of 1.27 and a beta of 1.79. The company has a quick ratio of 0.34, a current ratio of 1.83 and a debt-to-equity ratio of 0.15.
Tile Shop (NASDAQ:TTS) last announced its earnings results on Thursday, July 19th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Tile Shop had a return on equity of 6.28% and a net margin of 1.17%. The business had revenue of $92.90 million during the quarter, compared to analysts’ expectations of $90.71 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Tile Shop will post 0.23 EPS for the current fiscal year.
In related news, Director Peter J. Jacullo III purchased 21,077 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was acquired at an average price of $7.14 per share, for a total transaction of $150,489.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 25.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY acquired a new position in shares of Tile Shop in the 2nd quarter valued at $109,000. Aperio Group LLC acquired a new position in shares of Tile Shop in the 2nd quarter valued at $111,000. Fox Run Management L.L.C. acquired a new position in shares of Tile Shop in the 2nd quarter valued at $148,000. MetLife Investment Advisors LLC acquired a new position in shares of Tile Shop in the 2nd quarter valued at $154,000. Finally, Navellier & Associates Inc acquired a new position in shares of Tile Shop in the 1st quarter valued at $121,000. Institutional investors and hedge funds own 64.49% of the company’s stock.
About Tile Shop
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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