Press coverage about Tile Shop Hldgs (NASDAQ:TTS) has been trending somewhat negative on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tile Shop Hldgs earned a coverage optimism score of -0.02 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.1722491736017 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Tile Shop Hldgs (NASDAQ:TTS) traded down 2.34% on Thursday, hitting $8.35. The stock had a trading volume of 1,462,563 shares. Tile Shop Hldgs has a 52 week low of $8.25 and a 52 week high of $22.40. The firm has a 50-day moving average of $13.60 and a 200 day moving average of $17.49. The company has a market capitalization of $433.56 million, a price-to-earnings ratio of 20.88 and a beta of 1.79.
Tile Shop Hldgs (NASDAQ:TTS) last released its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $93.20 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Tile Shop Hldgs will post $0.43 earnings per share for the current year.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Citigroup Inc. reduced their price objective on Tile Shop Hldgs from $17.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, October 4th. Stifel Nicolaus reduced their price objective on Tile Shop Hldgs from $15.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 4th. Loop Capital restated a “hold” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Tile Shop Hldgs in a research note on Tuesday, October 3rd. Finally, CJS Securities downgraded Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Tile Shop Hldgs has a consensus rating of “Hold” and an average target price of $9.75.
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In other news, Director Robert A. Rucker sold 100,000 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $20.16, for a total value of $2,016,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter H. Kamin acquired 37,782 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was acquired at an average cost of $14.50 per share, with a total value of $547,839.00. Following the purchase, the director now owns 435,908 shares of the company’s stock, valued at $6,320,666. The disclosure for this purchase can be found here. Insiders have acquired 259,454 shares of company stock valued at $3,710,115 in the last three months. 24.30% of the stock is currently owned by corporate insiders.
About Tile Shop Hldgs
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.
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