Tile Shop Hldgs, Inc. (NASDAQ:TTS) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.49-0.56 for the period, compared to the Thomson Reuters consensus estimate of $0.55. The company issued revenue guidance of $350-365 million, compared to the consensus revenue estimate of $360.28 million.
Several analysts have commented on the stock. Loop Capital assumed coverage on shares of Tile Shop Hldgs in a research report on Wednesday. They issued a hold rating for the company. Telsey Advisory Group reissued a market perform rating and issued a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday. Piper Jaffray Companies set a $19.00 target price on shares of Tile Shop Hldgs and gave the stock a buy rating in a research report on Tuesday. Citigroup Inc. decreased their target price on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a neutral rating for the company in a research report on Wednesday. Finally, BidaskClub raised shares of Tile Shop Hldgs from a hold rating to a buy rating in a research report on Friday, June 16th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Tile Shop Hldgs currently has a consensus rating of Hold and a consensus target price of $18.20.
Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) opened at 14.825 on Thursday. The company has a market capitalization of $765.53 million, a P/E ratio of 39.013 and a beta of 1.94. The company’s 50 day moving average is $19.99 and its 200 day moving average is $19.51. Tile Shop Hldgs, Inc. has a 12-month low of $14.15 and a 12-month high of $22.40.
Tile Shop Hldgs (NASDAQ:TTS) last issued its earnings results 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 firm 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%. Tile Shop Hldgs’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Analysts expect that Tile Shop Hldgs, Inc. will post $0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. Tile Shop Hldgs’s payout ratio is 50.00%.
In other Tile Shop Hldgs news, major shareholder Nabron International Inc. sold 44,185 shares of Tile Shop Hldgs stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $19.31, for a total transaction of $853,212.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Carl Randazzo sold 2,637 shares of Tile Shop Hldgs stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $21.90, for a total transaction of $57,750.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 924,651 shares of company stock worth $18,575,702. 24.30% of the stock is owned by corporate insiders.
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