Zacks Investment Research downgraded shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) from a hold rating to a sell rating in a report issued on Wednesday.
According to Zacks, “Tile Shop Holdings, Inc. is the parent company of The Tile Shop. The Tile Shop is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers floor, wall, natural stone, ceramic, porcelain, glass, and metal tile products; tile patterns; basins; fixtures; listellos/borders; and profiles. Tile Shop Holdings, Inc. is based in Plymouth, Minnesota. “
A number of other equities analysts also recently weighed in on TTS. BidaskClub raised Tile Shop Hldgs from a sell rating to a hold rating in a research report on Friday, August 4th. Stifel Nicolaus reissued a hold rating and set a $15.00 price target (down previously from $18.00) on shares of Tile Shop Hldgs in a research report on Friday, July 21st. Loop Capital assumed coverage on Tile Shop Hldgs in a research report on Wednesday, July 19th. They set a hold rating and a $15.00 price target on the stock. Piper Jaffray Companies set a $19.00 price target on Tile Shop Hldgs and gave the stock a buy rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. lowered their price target on Tile Shop Hldgs from $22.00 to $17.00 and set a neutral rating on the stock in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $17.17.
Shares of Tile Shop Hldgs (NASDAQ TTS) opened at 15.35 on Wednesday. Tile Shop Hldgs has a 12-month low of $13.30 and a 12-month high of $22.40. The firm has a 50-day moving average price of $15.74 and a 200 day moving average price of $18.63. The stock has a market cap of $797.02 million, a PE ratio of 38.38 and a beta of 1.87.
Tile Shop Hldgs (NASDAQ:TTS) last announced its quarterly earnings results 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. The business 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% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Equities research analysts predict that Tile Shop Hldgs will post $0.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, July 28th. Tile Shop Hldgs’s dividend payout ratio (DPR) is presently 50.00%.
In other news, Director Robert A. Rucker sold 35,199 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $20.43, for a total value of $719,115.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Nabron International Inc. sold 87,815 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $20.12, for a total value of $1,766,837.80. Following the completion of the transaction, the insider now directly owns 5,601,341 shares in the company, valued at approximately $112,698,980.92. The disclosure for this sale can be found here. In the last three months, insiders have acquired 259,454 shares of company stock worth $3,710,115 and have sold 790,242 shares worth $15,853,379. 24.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased 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 during 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 valued at $186,000 after buying an additional 134 shares during 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 valued at $331,000 after buying an additional 200 shares during 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 valued at $498,000 after buying an additional 257 shares during 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 valued at $161,000 after buying an additional 260 shares during the last quarter. 68.65% of the stock is currently owned by institutional investors.
Tile Shop Hldgs Company Profile
Tile Shop Holdings, Inc operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,000 products, including ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
Get a free copy of the Zacks research report on Tile Shop Hldgs (TTS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tile Shop Hldgs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop Hldgs Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
