Tile Shop Hldgs, Inc. (NASDAQ:TTS) Expected to Post Quarterly Sales of $88.05 Million

Brokerages predict that Tile Shop Hldgs, Inc. (NASDAQ:TTS) will post sales of $88.05 million for the current quarter, according to Zacks. Two analysts have made estimates for Tile Shop Hldgs’ earnings, with estimates ranging from $87.00 million to $89.10 million. Tile Shop Hldgs posted sales of $78.56 million during the same quarter last year, which would indicate a positive year over year growth rate of 12.1%. The company is expected to report its next earnings report on Tuesday, October 17th.

On average, analysts expect that Tile Shop Hldgs will report full year sales of $88.05 million for the current financial year, with estimates ranging from $357.58 million to $362.60 million. For the next financial year, analysts expect that the business will report sales of $397.87 million per share, with estimates ranging from $392.04 million to $403.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Tile Shop Hldgs.

Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company 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 17.46% and a net margin of 5.95%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share.

A number of research firms recently issued reports on TTS. Telsey Advisory Group restated a “market perform” rating and set a $17.00 price objective (down previously from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday. Citigroup Inc. reduced their price target on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price objective on shares of Tile Shop Hldgs in a research note on Wednesday, April 19th. Zacks Investment Research raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, BidaskClub downgraded Tile Shop Hldgs from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $18.00.

Tile Shop Hldgs (TTS) traded down 1.167% during midday trading on Wednesday, hitting $14.825. The stock had a trading volume of 2,207,298 shares. Tile Shop Hldgs has a 12-month low of $14.15 and a 12-month high of $22.40. The company has a 50-day moving average price of $20.14 and a 200-day moving average price of $19.54. The company has a market cap of $765.53 million, a price-to-earnings ratio of 39.013 and a beta of 1.94.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, July 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. Tile Shop Hldgs’s dividend payout ratio (DPR) is presently 52.63%.

In related news, VP Carl Randazzo sold 2,637 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $21.90, for a total transaction of $57,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd Krasnow sold 15,391 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $20.55, for a total value of $316,285.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 924,651 shares of company stock valued at $18,575,702. 24.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Tile Shop Hldgs by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock valued at $132,000 after buying an additional 802 shares in the last quarter. US Bancorp DE boosted its position in Tile Shop Hldgs by 4.4% in the first quarter. US Bancorp DE now owns 25,400 shares of the company’s stock valued at $489,000 after buying an additional 1,073 shares in the last quarter. First Trust Advisors LP boosted its position in Tile Shop Hldgs by 69.1% in the first quarter. First Trust Advisors LP now owns 57,865 shares of the company’s stock valued at $1,114,000 after buying an additional 23,647 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Tile Shop Hldgs by 5.0% in the first quarter. Great West Life Assurance Co. Can now owns 43,694 shares of the company’s stock valued at $841,000 after buying an additional 2,089 shares in the last quarter. Finally, Emerald Advisers Inc. PA boosted its position in Tile Shop Hldgs by 14.7% in the first quarter. Emerald Advisers Inc. PA now owns 903,272 shares of the company’s stock valued at $17,388,000 after buying an additional 115,575 shares in the last quarter. 69.09% of the stock is owned by institutional investors and hedge funds.

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