Tile Shop Hldgs, Inc. (TTS) Downgraded by TheStreet to C

Tile Shop Hldgs, Inc. (NASDAQ:TTS) was downgraded by TheStreet from a “b-” rating to a “c” rating in a research note issued on Wednesday.

TTS has been the topic of a number of other research reports. Zacks Investment Research raised Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Piper Jaffray Companies reissued a “neutral” rating and set a $8.50 price objective (down previously from $14.00) on shares of Tile Shop Hldgs in a report on Tuesday, October 3rd. BidaskClub raised Tile Shop Hldgs from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Citigroup Inc. lowered their price objective on Tile Shop Hldgs from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $9.75.

Tile Shop Hldgs (TTS) opened at 8.35 on Wednesday. The company’s 50-day moving average price is $13.41 and its 200 day moving average price is $17.43. The firm 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 has a 52-week low of $8.25 and a 52-week high of $22.40.

Tile Shop Hldgs (NASDAQ:TTS) last issued 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 net margin of 6.11% and a return on equity of 17.45%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. Equities research analysts predict that Tile Shop Hldgs will post $0.43 earnings per share for the current year.

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In other Tile Shop Hldgs news, CEO Chris Homeister bought 9,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $13.98 per share, for a total transaction of $125,820.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Rucker sold 100,000 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $20.16, for a total value of $2,016,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 259,454 shares of company stock valued at $3,710,115. 24.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in Tile Shop Hldgs by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after purchasing an additional 416 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Tile Shop Hldgs by 13.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock valued at $132,000 after purchasing an additional 802 shares during the period. State of Alaska Department of Revenue boosted its stake in Tile Shop Hldgs by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock valued at $134,000 after purchasing an additional 2,885 shares during the period. Mason Street Advisors LLC boosted its stake in Tile Shop Hldgs by 6.8% during the 1st quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock valued at $148,000 after purchasing an additional 494 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Tile Shop Hldgs by 14.7% during the 1st quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock valued at $157,000 after purchasing an additional 1,046 shares during the period. Hedge funds and other institutional investors own 68.33% of the company’s stock.

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.

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