Wall Street brokerages expect Tile Shop Holdings, Inc. (NASDAQ:TTS) to announce $94.66 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tile Shop’s earnings, with estimates ranging from $91.20 million to $100.10 million. Tile Shop posted sales of $92.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The company is expected to issue its next quarterly earnings report on Tuesday, April 17th.

According to Zacks, analysts expect that Tile Shop will report full-year sales of $94.66 million for the current financial year, with estimates ranging from $347.60 million to $382.30 million. For the next year, analysts expect that the company will report sales of $396.35 million per share, with estimates ranging from $372.00 million to $420.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Tile Shop.

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Tile Shop (NASDAQ:TTS) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). Tile Shop had a net margin of 3.14% and a return on equity of 11.11%. The firm had revenue of $78.58 million during the quarter, compared to analysts’ expectations of $84.22 million. During the same quarter in the previous year, the company posted $0.07 EPS. Tile Shop’s revenue for the quarter was up 2.6% on a year-over-year basis.

A number of brokerages have issued reports on TTS. Zacks Investment Research cut shares of Tile Shop from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 27th. BidaskClub cut shares of Tile Shop from a “sell” rating to a “strong sell” rating in a report on Saturday, February 24th. Loop Capital lowered their target price on shares of Tile Shop to $5.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Robert W. Baird reissued a “neutral” rating and set a $6.00 target price (down previously from $10.00) on shares of Tile Shop in a report on Thursday, February 22nd. Finally, Citigroup lowered their target price on shares of Tile Shop from $10.00 to $6.60 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Tile Shop has an average rating of “Hold” and an average price target of $7.09.

Tile Shop (NASDAQ TTS) traded up $0.10 during trading on Friday, reaching $6.00. The company had a trading volume of 929,807 shares, compared to its average volume of 1,039,888. Tile Shop has a fifty-two week low of $5.15 and a fifty-two week high of $22.40. The company has a current ratio of 1.70, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $312.91, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 1.28 and a beta of 1.96.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 3.33%. Tile Shop’s payout ratio is 95.24%.

In other news, Director Todd Krasnow purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $9.01 per share, with a total value of $90,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter H. Kamin purchased 178,986 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was purchased at an average cost of $5.46 per share, for a total transaction of $977,263.56. Following the acquisition, the director now owns 609,059 shares of the company’s stock, valued at approximately $3,325,462.14. The disclosure for this purchase can be found here. Insiders have acquired a total of 458,986 shares of company stock worth $2,556,864 in the last three months. Insiders own 24.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TTS. BlackRock Inc. increased its stake in Tile Shop by 17.0% in the fourth quarter. BlackRock Inc. now owns 5,823,901 shares of the company’s stock valued at $55,911,000 after acquiring an additional 845,141 shares during the last quarter. Millennium Management LLC increased its stake in Tile Shop by 73.1% in the fourth quarter. Millennium Management LLC now owns 1,529,352 shares of the company’s stock valued at $14,682,000 after acquiring an additional 645,782 shares during the last quarter. Renaissance Technologies LLC increased its stake in Tile Shop by 19.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,329,000 shares of the company’s stock valued at $12,758,000 after acquiring an additional 220,400 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Tile Shop in the third quarter valued at $12,874,000. Finally, Dimensional Fund Advisors LP increased its stake in Tile Shop by 18.2% in the third quarter. Dimensional Fund Advisors LP now owns 849,151 shares of the company’s stock valued at $10,784,000 after acquiring an additional 130,919 shares during the last quarter. 64.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Tile Shop

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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