Shares of Tile Shop Holdings Inc (NASDAQ:TTS) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.28 and traded as high as $3.94. Tile Shop shares last traded at $3.90, with a volume of 4,179 shares trading hands.
A number of research firms recently weighed in on TTS. Zacks Investment Research raised Tile Shop from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. ValuEngine cut Tile Shop from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Citigroup cut Tile Shop from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $9.00 to $5.50 in a report on Wednesday, May 1st. BidaskClub cut Tile Shop from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $5.00 price target (down previously from $7.50) on shares of Tile Shop in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.50.
The stock has a 50 day moving average of $4.28. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.59 and a quick ratio of 0.30. The stock has a market cap of $207.08 million, a P/E ratio of 19.35, a PEG ratio of 1.00 and a beta of 1.75.
Tile Shop (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). Tile Shop had a return on equity of 5.19% and a net margin of 2.20%. The firm had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $93.31 million. During the same quarter last year, the firm posted $0.08 earnings per share. Tile Shop’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts expect that Tile Shop Holdings Inc will post 0.16 EPS for the current fiscal year.
In other news, Director Peter J. Jacullo III acquired 80,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was bought at an average cost of $4.04 per share, for a total transaction of $323,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have acquired 120,000 shares of company stock valued at $488,500. 27.70% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of TTS. Citigroup Inc. grew its position in shares of Tile Shop by 6,798.5% in the fourth quarter. Citigroup Inc. now owns 4,622 shares of the company’s stock valued at $25,000 after purchasing an additional 4,555 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Tile Shop by 1,076.4% in the first quarter. BNP Paribas Arbitrage SA now owns 8,529 shares of the company’s stock valued at $48,000 after acquiring an additional 7,804 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Tile Shop in the fourth quarter valued at approximately $61,000. Accredited Investors Inc. acquired a new position in Tile Shop in the fourth quarter valued at approximately $65,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in Tile Shop by 352.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,193 shares of the company’s stock valued at $78,000 after acquiring an additional 11,054 shares during the last quarter. Institutional investors and hedge funds own 64.51% of the company’s stock.
Tile Shop Company Profile (NASDAQ:TTS)
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.
Receive News & Ratings for Tile Shop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop and related companies with MarketBeat.com's FREE daily email newsletter.