Tile Shop (TTS) Price Target Lowered to $7.00 at Robert W. Baird
Several other analysts have also issued reports on the stock. CJS Securities upgraded shares of Tile Shop to a buy rating in a research note on Tuesday, September 18th. BidaskClub lowered shares of Tile Shop from a hold rating to a sell rating in a research note on Wednesday, August 29th. Zacks Investment Research lowered shares of Tile Shop from a buy rating to a hold rating in a research note on Friday, August 17th. ValuEngine upgraded shares of Tile Shop from a strong sell rating to a sell rating in a research note on Tuesday, October 2nd. Finally, Loop Capital reduced their target price on shares of Tile Shop to $7.00 and set a positive rating for the company in a research note on Friday, October 5th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Tile Shop presently has an average rating of Hold and an average target price of $8.17.
TTS stock traded down $0.25 during midday trading on Friday, reaching $6.17. 1,300,928 shares of the company’s stock traded hands, compared to its average volume of 553,639. The firm has a market capitalization of $338.37 million, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.79. The company has a current ratio of 2.44, a quick ratio of 0.34 and a debt-to-equity ratio of 0.31. Tile Shop has a 52 week low of $5.15 and a 52 week high of $10.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Monday, October 29th will be paid a $0.05 dividend. The ex-dividend date is Friday, October 26th. This represents a $0.20 annualized dividend and a dividend yield of 3.24%. Tile Shop’s payout ratio is 62.50%.
In related news, Director Peter J. Jacullo III purchased 21,077 shares of Tile Shop stock in a transaction that occurred on Thursday, September 13th. The stock was bought at an average price of $7.14 per share, for a total transaction of $150,489.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 25.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Tile Shop by 0.4% during the second quarter. BlackRock Inc. now owns 5,829,618 shares of the company’s stock valued at $44,888,000 after buying an additional 23,398 shares during the period. Dimensional Fund Advisors LP grew its position in Tile Shop by 31.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,770 shares of the company’s stock valued at $16,192,000 after buying an additional 499,380 shares during the period. SG Capital Management LLC bought a new position in Tile Shop during the second quarter valued at about $9,572,000. North Run Capital LP lifted its holdings in Tile Shop by 179.7% during the second quarter. North Run Capital LP now owns 896,098 shares of the company’s stock valued at $6,900,000 after purchasing an additional 575,698 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Tile Shop during the second quarter valued at about $6,115,000. Institutional investors own 64.49% of the company’s stock.
Tile Shop 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 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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