BidaskClub Lowers Tile Shop Hldgs, Inc. (TTS) to Hold

Tile Shop Hldgs, Inc. (NASDAQ:TTS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages have also issued reports on TTS. Zacks Investment Research upgraded shares of Tile Shop Hldgs from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Stifel Nicolaus restated a “hold” rating and issued a $18.00 price objective on shares of Tile Shop Hldgs in a report on Wednesday, April 19th. Citigroup Inc. restated a “neutral” rating and issued a $22.00 price objective (up from $19.00) on shares of Tile Shop Hldgs in a report on Saturday, April 22nd. Finally, Telsey Advisory Group lifted their target price on Tile Shop Hldgs from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, April 18th. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $20.25.

Tile Shop Hldgs (NASDAQ:TTS) traded up 2.351% during trading on Wednesday, hitting $20.675. 122,497 shares of the company’s stock were exchanged. Tile Shop Hldgs has a 12-month low of $15.05 and a 12-month high of $22.40. The company’s 50-day moving average price is $20.35 and its 200 day moving average price is $19.61. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 54.408 and a beta of 1.94.

Tile Shop Hldgs (NASDAQ:TTS) last announced its earnings results on Tuesday, April 18th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Tile Shop Hldgs had a net margin of 5.95% and a return on equity of 17.46%. The company had revenue of $92.10 million for the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the previous year, the company posted $0.14 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that Tile Shop Hldgs will post $0.55 earnings per share for the current fiscal year.

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In other news, major shareholder Nabron International Inc. sold 119,880 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $20.45, for a total transaction of $2,451,546.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chris Homeister sold 5,000 shares of the business’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $20.87, for a total value of $104,350.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,651 shares of company stock valued at $16,489,353. Corporate insiders own 24.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of 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 worth $258,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 worth $186,000 after buying an additional 134 shares in the last quarter. Arizona State Retirement System increased its position in shares of Tile Shop Hldgs by 1.2% in the first quarter. Arizona State Retirement System now owns 17,200 shares of the company’s stock worth $331,000 after buying an additional 200 shares in the last quarter. 1st Global Advisors Inc. increased its position in shares of Tile Shop Hldgs by 1.5% in the first quarter. 1st Global Advisors Inc. now owns 21,554 shares of the company’s stock worth $415,000 after buying an additional 315 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Tile Shop Hldgs by 6.8% in the first quarter. Mason Street Advisors LLC now owns 7,710 shares of the company’s stock worth $148,000 after buying an additional 494 shares in the last quarter. 69.09% of the stock is owned by institutional investors and hedge funds.

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