BidaskClub downgraded shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) from a buy rating to a hold rating in a research report released on Thursday.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Tile Shop Hldgs from a hold rating to a sell rating in a research report on Friday, July 21st. Telsey Advisory Group restated a market perform rating and set a $17.00 target price (down from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. Citigroup Inc. lowered their target price on shares of Tile Shop Hldgs from $22.00 to $17.00 and set a neutral rating on the stock in a research report on Wednesday, July 19th. Piper Jaffray Companies set a $19.00 target price on shares of Tile Shop Hldgs and gave the stock a buy rating in a research report on Tuesday, July 18th. Finally, Loop Capital started coverage on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. They set a hold rating and a $15.00 target price on the stock. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $17.17.

Shares of Tile Shop Hldgs (TTS) opened at 15.90 on Thursday. The firm has a market capitalization of $825.58 million, a PE ratio of 39.75 and a beta of 1.87. Tile Shop Hldgs has a 12-month low of $13.30 and a 12-month high of $22.40. The company has a 50-day moving average price of $15.06 and a 200 day moving average price of $18.33.

Tile Shop Hldgs (NASDAQ:TTS) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Tile Shop Hldgs had a return on equity of 17.45% and a net margin of 6.11%. The firm had revenue of $89.50 million for the quarter, compared to analysts’ expectations of $93.20 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts expect that Tile Shop Hldgs will post $0.52 earnings per share for the current year.

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In other Tile Shop Hldgs news, Director Peter H. Kamin purchased 29,600 shares of the stock in a transaction dated Tuesday, July 25th. The shares were acquired at an average cost of $13.60 per share, for a total transaction of $402,560.00. Following the completion of the transaction, the director now directly owns 471,002 shares of the company’s stock, valued at $6,405,627.20. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Chris Homeister purchased 9,000 shares of the stock in a transaction dated Friday, July 21st. The stock was acquired at an average price of $13.98 per share, for a total transaction of $125,820.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 259,454 shares of company stock worth $3,710,115 and have sold 150,000 shares worth $3,041,348. Corporate insiders own 24.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew 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 valued at $258,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. grew 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 valued at $186,000 after purchasing an additional 134 shares during the last quarter. Arizona State Retirement System grew 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 valued at $331,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund grew its position in shares of Tile Shop Hldgs by 1.1% in the second quarter. Texas Permanent School Fund now owns 24,129 shares of the company’s stock valued at $498,000 after purchasing an additional 257 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Tile Shop Hldgs by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the company’s stock valued at $161,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.

About Tile Shop Hldgs

Tile Shop Holdings, Inc operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,000 products, including ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.

Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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