Loop Capital assumed coverage on shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) in a research note issued to investors on Wednesday, July 19th, MarketBeat reports. The brokerage issued a hold rating and a $15.00 price target on the stock.
Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Tile Shop Hldgs from a hold rating to a buy rating in a research note on Friday, June 16th. Telsey Advisory Group upped their price objective on shares of Tile Shop Hldgs from $19.00 to $21.00 and gave the company a market perform rating in a research note on Tuesday, April 18th. Citigroup Inc. decreased their price objective on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a neutral rating for the company in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Tile Shop Hldgs from a sell rating to a hold rating in a research note on Wednesday, April 19th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $18.00 target price on shares of Tile Shop Hldgs in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $17.17.
Tile Shop Hldgs (TTS) traded up 1.71% on Wednesday, hitting $14.85. The stock had a trading volume of 582,323 shares. The firm has a 50-day moving average of $18.71 and a 200 day moving average of $19.21. The company has a market capitalization of $770.08 million, a price-to-earnings ratio of 37.12 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.
Tile Shop Hldgs (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $89.50 million for the quarter, compared to analysts’ expectations of $93.20 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Tile Shop Hldgs will post $0.52 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. Tile Shop Hldgs’s dividend payout ratio (DPR) is presently 50.00%.
In related news, Director Todd Krasnow sold 15,391 shares of Tile Shop Hldgs stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $20.55, for a total transaction of $316,285.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter H. Kamin acquired 159,000 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were bought at an average cost of $14.43 per share, with a total value of $2,294,370.00. Following the completion of the acquisition, the director now owns 435,908 shares in the company, valued at $6,290,152.44. The disclosure for this purchase can be found here. In the last quarter, 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 owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TTS. Loomis Sayles & Co. L P raised its position in shares of Tile Shop Hldgs by 3.7% in the first quarter. Loomis Sayles & Co. L P now owns 1,102,407 shares of the company’s stock valued at $21,221,000 after buying an additional 39,097 shares in the last quarter. Emerald Advisers Inc. PA raised its position in shares of Tile Shop Hldgs by 17.3% in the second quarter. Emerald Advisers Inc. PA now owns 1,059,339 shares of the company’s stock valued at $21,875,000 after buying an additional 156,067 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in Tile Shop Hldgs by 16.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 856,455 shares of the company’s stock valued at $17,686,000 after buying an additional 121,823 shares during the period. State Street Corp raised its position in Tile Shop Hldgs by 6.7% in the first quarter. State Street Corp now owns 749,255 shares of the company’s stock valued at $14,422,000 after buying an additional 47,340 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Tile Shop Hldgs by 31.5% in the first quarter. Dimensional Fund Advisors LP now owns 622,803 shares of the company’s stock valued at $11,988,000 after buying an additional 149,314 shares during the period. 68.03% of the stock is owned by institutional investors.
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