Tile Shop Hldgs, Inc. (NASDAQ:TTS) released its earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.02. Tile Shop Hldgs had a net margin of 6.88% and a return on equity of 18.35%. The company earned $76.60 million during the quarter, compared to the consensus estimate of $78.41 million. During the same period last year, the firm posted $0.08 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Tile Shop Hldgs updated its FY17 guidance to $0.50-0.57 EPS.
Tile Shop Hldgs (NASDAQ:TTS) opened at 20.00 on Tuesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 46.73 and a beta of 2.07. The firm’s 50-day moving average price is $19.30 and its 200-day moving average price is $18.04. Tile Shop Hldgs has a 52-week low of $12.48 and a 52-week high of $21.40.
In related news, Director Todd Krasnow sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $19.27, for a total transaction of $38,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert A. Rucker sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $19.57, for a total transaction of $978,500.00. The disclosure for this sale can be found here. Company insiders own 26.10% of the company’s stock.
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Separately, Zacks Investment Research raised Tile Shop Hldgs from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, October 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.70.
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