BidaskClub upgraded shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) from a sell rating to a hold rating in a research note published on Friday.

TTS has been the topic of several other research reports. Stifel Nicolaus restated a hold rating and issued a $15.00 price objective (down previously from $18.00) on shares of Tile Shop Hldgs in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of Tile Shop Hldgs from a hold rating to a sell rating in a research note on Friday, July 21st. Piper Jaffray Companies set a $19.00 price objective on shares of Tile Shop Hldgs and gave the stock a buy rating in a research note on Tuesday, July 18th. Loop Capital assumed coverage on shares of Tile Shop Hldgs in a research note on Wednesday, July 19th. They issued a hold rating and a $15.00 price objective on the stock. Finally, Citigroup Inc. lowered their price objective on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a neutral rating on the stock in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $17.17.

Tile Shop Hldgs (NASDAQ:TTS) traded up 0.33% during midday trading on Friday, reaching $15.05. 50,158 shares of the company’s stock traded hands. The stock has a market capitalization of $780.43 million, a price-to-earnings ratio of 37.62 and a beta of 1.87. The company’s 50-day moving average price is $18.56 and its 200 day moving average price is $19.18. Tile Shop Hldgs has a 52 week low of $13.30 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 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. Tile Shop Hldgs had a net margin of 6.11% and a return on equity of 17.45%. The business had revenue of $89.50 million for the quarter, compared to the consensus estimate of $93.20 million. During the same period in the previous year, the business posted $0.14 EPS. Tile Shop Hldgs’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Tile Shop Hldgs will post $0.52 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.05 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.20 annualized dividend and a yield of 1.33%. Tile Shop Hldgs’s dividend payout ratio (DPR) is currently 50.00%.

In related news, Director Peter J. Jacullo III acquired 10,000 shares of the business’s stock in a transaction on Monday, July 24th. The stock was bought at an average cost of $13.90 per share, with a total value of $139,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter H. Kamin acquired 29,600 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were bought at an average cost of $13.60 per share, with a total value of $402,560.00. Following the completion of the acquisition, the director now owns 471,002 shares of the company’s stock, valued at approximately $6,405,627.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 259,454 shares of company stock valued at $3,710,115 and sold 917,014 shares valued at $18,413,601. 24.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of Tile Shop Hldgs by 7.7% in the second quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock worth $120,000 after buying an additional 416 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Tile Shop Hldgs by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,867 shares of the company’s stock worth $132,000 after buying an additional 802 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Tile Shop Hldgs by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 6,525 shares of the company’s stock worth $134,000 after buying an additional 2,885 shares in the last quarter. Mason Street Advisors LLC boosted its position in 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. Finally, Victory Capital Management Inc. boosted its position in Tile Shop Hldgs by 14.7% in the first quarter. Victory Capital Management Inc. now owns 8,171 shares of the company’s stock worth $157,000 after buying an additional 1,046 shares in the last quarter. 69.05% of the stock is owned by institutional investors.

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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