Zacks Investment Research upgraded shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) from a sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “Tile Shop Holdings, Inc. is the parent company of The Tile Shop. The Tile Shop is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers floor, wall, natural stone, ceramic, porcelain, glass, and metal tile products; tile patterns; basins; fixtures; listellos/borders; and profiles. Tile Shop Holdings, Inc. is based in Plymouth, Minnesota. “

A number of other analysts have also commented on the company. Telsey Advisory Group reiterated a market perform rating and issued a $17.00 price objective (down from $21.00) on shares of Tile Shop Hldgs in a research report on Wednesday, July 19th. Citigroup Inc. lowered their price objective on Tile Shop Hldgs from $22.00 to $17.00 and set a neutral rating for the company in a research report on Wednesday, July 19th. Piper Jaffray Companies set a $19.00 price objective on Tile Shop Hldgs and gave the stock a buy rating in a research report on Tuesday, July 18th. BidaskClub lowered Tile Shop Hldgs from a buy rating to a hold rating in a research report on Wednesday, June 28th. Finally, Loop Capital assumed coverage on Tile Shop Hldgs in a research report on Wednesday, July 19th. They issued a hold rating and a $15.00 price objective for the company. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Tile Shop Hldgs currently has an average rating of Hold and a consensus price target of $17.17.

Shares of Tile Shop Hldgs (TTS) opened at 14.80 on Wednesday. The firm has a 50-day moving average of $15.09 and a 200-day moving average of $18.30. Tile Shop Hldgs has a one year low of $13.30 and a one year high of $22.40. The firm has a market capitalization of $768.46 million, a P/E ratio of 37.00 and a beta of 1.87.

Tile Shop Hldgs (NASDAQ:TTS) last announced its earnings results on Tuesday, July 18th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $93.20 million. During the same quarter last year, the business posted $0.14 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Tile Shop Hldgs will post $0.52 earnings per share for the current fiscal year.

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In other news, Director Robert A. Rucker sold 14,801 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $20.69, for a total transaction of $306,232.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Homeister bought 9,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were bought at an average price of $13.98 per share, with a total value of $125,820.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 259,454 shares of company stock valued at $3,710,115 and sold 150,000 shares valued at $3,041,348. 24.30% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of Tile Shop Hldgs by 300.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 351,640 shares of the company’s stock worth $6,769,000 after buying an additional 263,745 shares during the period. State Street Corp grew its position in shares of Tile Shop Hldgs by 6.7% during the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock worth $14,422,000 after buying an additional 47,340 shares during the period. UBS Group AG grew its position in shares of Tile Shop Hldgs by 558.4% during the 1st quarter. UBS Group AG now owns 24,591 shares of the company’s stock worth $474,000 after buying an additional 20,856 shares during the period. Legal & General Group Plc grew its position in shares of Tile Shop Hldgs by 1.5% during the 1st quarter. Legal & General Group Plc now owns 55,668 shares of the company’s stock worth $1,070,000 after buying an additional 820 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its position in shares of Tile Shop Hldgs by 16.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 856,455 shares of the company’s stock worth $17,686,000 after buying an additional 121,823 shares during the period. Institutional investors own 68.33% of the company’s stock.

Tile Shop Hldgs Company Profile

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.

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Analyst Recommendations for Tile Shop Hldgs (NASDAQ:TTS)

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