Tile Shop (NASDAQ:TTS) Receives Market Perform Rating from Telsey Advisory Group

Tile Shop (NASDAQ:TTS)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research report issued on Wednesday, May 1st, Briefing.com Automated Import reports. They currently have a $5.00 price target on the stock, down from their previous price target of $7.50. Telsey Advisory Group’s target price would indicate a potential upside of 9.65% from the stock’s current price.

Several other equities analysts have also recently commented on TTS. BidaskClub cut shares of Tile Shop from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. ValuEngine raised shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Zacks Investment Research cut shares of Tile Shop from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $6.00 price target on shares of Tile Shop in a research report on Sunday, January 6th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Tile Shop stock opened at $4.56 on Wednesday. Tile Shop has a 1-year low of $4.34 and a 1-year high of $9.50. 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 company has a market capitalization of $241.46 million, a PE ratio of 22.80, a PEG ratio of 1.13 and a beta of 1.76.

Tile Shop (NASDAQ:TTS) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). Tile Shop had a net margin of 2.20% and a return on equity of 5.19%. The firm had revenue of $86.90 million during the quarter, compared to analysts’ expectations of $93.31 million. During the same period last year, the company earned $0.08 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities analysts forecast that Tile Shop will post 0.16 earnings per share for the current fiscal year.

In other Tile Shop news, Director Peter J. Jacullo III acquired 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $6.02 per share, for a total transaction of $120,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders acquired 80,000 shares of company stock worth $487,400. 25.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. boosted its holdings 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 acquiring an additional 4,555 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Tile Shop by 1,076.4% during the first quarter. BNP Paribas Arbitrage SA now owns 8,529 shares of the company’s stock worth $48,000 after buying an additional 7,804 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Tile Shop during the fourth quarter worth about $61,000. Accredited Investors Inc. purchased a new stake in Tile Shop during the fourth quarter worth about $65,000. Finally, State of Alaska Department of Revenue boosted its holdings in Tile Shop by 14.6% during the fourth quarter. State of Alaska Department of Revenue now owns 13,015 shares of the company’s stock worth $71,000 after buying an additional 1,660 shares in the last quarter. Institutional investors own 63.47% of the company’s stock.

About Tile Shop

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.

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Analyst Recommendations for Tile Shop (NASDAQ:TTS)

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