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 equities research analysts recently issued reports on the stock. Loop Capital assumed coverage on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. They set a hold rating and a $15.00 price objective for the company. Telsey Advisory Group restated a market perform rating and set a $17.00 price objective (down from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. BidaskClub cut shares of Tile Shop Hldgs from a hold rating to a sell rating in a research report on Friday. Zacks Investment Research cut shares of Tile Shop Hldgs from a hold rating to a sell rating in a research report on Friday, July 21st. Finally, Citigroup Inc. dropped their price target 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, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $17.17.
Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) traded down 0.68% during midday trading on Friday, hitting $14.65. 535,091 shares of the company’s stock were exchanged. Tile Shop Hldgs, Inc. has a one year low of $13.30 and a one year high of $22.40. The stock’s 50-day moving average price is $18.86 and its 200 day moving average price is $19.25. The firm has a market cap of $759.69 million, a PE ratio of 36.62 and a beta of 1.94.
Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $89.50 million during the quarter, compared to analyst estimates of $93.20 million. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. Tile Shop Hldgs’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. Equities research analysts forecast that Tile Shop Hldgs, Inc. will post $0.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, July 28th. Tile Shop Hldgs’s dividend payout ratio is currently 50.00%.
In other news, major shareholder Nabron International Inc. sold 41,827 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $20.44, for a total transaction of $854,943.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert A. Rucker sold 14,801 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $20.69, for a total value of $306,232.69. The disclosure for this sale can be found here. In the last three months, insiders acquired 259,454 shares of company stock worth $3,710,115 and sold 917,014 shares worth $18,413,601. 24.30% of the stock is currently owned by insiders.
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