Tile Shop Hldgs, Inc. (NASDAQ:TTS) received a $19.00 price target from Piper Jaffray Companies in a research note issued on Tuesday, July 18th. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ target price would indicate a potential upside of 29.69% from the stock’s previous close.
TTS has been the subject of a number of other reports. Citigroup Inc. reissued a “neutral” rating and issued a $22.00 target price (up from $19.00) on shares of Tile Shop Hldgs in a research report on Saturday, April 22nd. Zacks Investment Research upgraded Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research report on Friday, March 31st. BidaskClub cut Tile Shop Hldgs from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price target on shares of Tile Shop Hldgs in a research report on Wednesday, April 19th. Finally, Telsey Advisory Group boosted their target price on Tile Shop Hldgs from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, four have assigned 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 price target of $17.17.
Shares of Tile Shop Hldgs (TTS) traded down 0.68% on Tuesday, reaching $14.65. The company’s stock had a trading volume of 535,091 shares. The stock has a market cap of $759.69 million, a P/E ratio of 36.62 and a beta of 1.94. Tile Shop Hldgs has a 52-week low of $13.30 and a 52-week high of $22.40. The firm’s 50 day moving average is $18.86 and its 200-day moving average is $19.25.
Tile Shop Hldgs (NASDAQ:TTS) last released its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The firm had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $93.20 million. During the same period in the prior year, the business earned $0.14 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Tile Shop Hldgs will post $0.52 EPS for the current year.
In other news, Director Peter H. Kamin acquired 29,600 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was purchased at an average price of $13.60 per share, for a total transaction of $402,560.00. Following the completion of the transaction, the director now directly owns 471,002 shares in the company, valued at approximately $6,405,627.20. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Chris Homeister purchased 9,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of $13.98 per share, with a total value of $125,820.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 259,454 shares of company stock worth $3,710,115 and have sold 917,014 shares worth $18,413,601. 24.30% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in Tile Shop Hldgs by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock valued at $258,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Tile Shop Hldgs by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,692 shares of the company’s stock worth $186,000 after buying an additional 134 shares in the last quarter. Arizona State Retirement System increased its position in Tile Shop Hldgs by 1.2% in the first quarter. Arizona State Retirement System now owns 17,200 shares of the company’s stock worth $331,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund increased its position in Tile Shop Hldgs by 1.1% in the second quarter. Texas Permanent School Fund now owns 24,129 shares of the company’s stock worth $498,000 after buying an additional 257 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Tile Shop Hldgs by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the company’s stock worth $161,000 after buying an additional 260 shares in the last quarter. 68.25% of the stock is currently owned by institutional investors and hedge funds.
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