Brokerages expect Tile Shop Holdings Inc (NASDAQ:TTS) to post sales of $91.75 million for the current quarter, Zacks reports. Two analysts have made estimates for Tile Shop’s earnings, with the highest sales estimate coming in at $91.99 million and the lowest estimate coming in at $91.50 million. Tile Shop reported sales of $92.91 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The business is expected to announce its next quarterly earnings results on Thursday, July 18th.
According to Zacks, analysts expect that Tile Shop will report full year sales of $364.17 million for the current financial year, with estimates ranging from $356.60 million to $378.00 million. For the next year, analysts anticipate that the firm will post sales of $394.65 million, with estimates ranging from $388.80 million to $400.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Tile Shop.
Tile Shop (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Tile Shop had a net margin of 2.20% and a return on equity of 5.19%. The firm had revenue of $86.90 million for the quarter, compared to the consensus estimate of $93.31 million. During the same quarter last year, the firm earned $0.08 EPS. The company’s revenue was down 4.6% on a year-over-year basis.
A number of research firms have recently commented on TTS. Zacks Investment Research cut shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. ValuEngine cut shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Citigroup cut shares of Tile Shop from a “buy” rating to a “neutral” rating and cut their price target for the stock from $9.00 to $5.50 in a report on Wednesday, May 1st. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price target (down from $7.50) on shares of Tile Shop in a report on Wednesday, May 1st. Finally, BidaskClub lowered shares of Tile Shop from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $6.50.
In other Tile Shop news, Director Peter J. Jacullo III acquired 30,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was bought at an average cost of $6.28 per share, with a total value of $188,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 80,000 shares of company stock valued at $487,400. 25.90% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Tile Shop by 22.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 858,222 shares of the company’s stock valued at $6,136,000 after acquiring an additional 157,376 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of Tile Shop by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 31,097 shares of the company’s stock worth $222,000 after acquiring an additional 11,054 shares during the period. Legal & General Group Plc grew its stake in shares of Tile Shop by 20.0% in the third quarter. Legal & General Group Plc now owns 83,054 shares of the company’s stock worth $596,000 after acquiring an additional 13,816 shares during the period. Morgan Stanley grew its stake in shares of Tile Shop by 16.4% in the third quarter. Morgan Stanley now owns 285,838 shares of the company’s stock worth $2,044,000 after acquiring an additional 40,372 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Tile Shop by 11.5% in the third quarter. Vanguard Group Inc. now owns 3,034,218 shares of the company’s stock worth $21,695,000 after acquiring an additional 313,778 shares during the period. 63.47% of the stock is owned by institutional investors.
Shares of NASDAQ TTS traded down $0.19 during mid-day trading on Friday, reaching $4.65. The company had a trading volume of 11,344 shares, compared to its average volume of 383,076. The company has a current ratio of 1.59, a quick ratio of 0.30 and a debt-to-equity ratio of 1.24. The stock has a market cap of $248.87 million, a PE ratio of 23.40, a PEG ratio of 1.14 and a beta of 1.76. Tile Shop has a 52 week low of $4.34 and a 52 week high of $9.50.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Friday, May 3rd. Tile Shop’s dividend payout ratio (DPR) is presently 100.00%.
About Tile Shop
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 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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