Tile Shop (TTS) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Tile Shop (NASDAQ:TTS) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.

A number of other analysts have also recently issued reports on TTS. Citigroup reduced their target price on shares of Tile Shop from $10.00 to $6.60 and set a neutral rating for the company in a research note on Thursday, February 22nd. Loop Capital reduced their target price on shares of Tile Shop to $5.00 and set a hold rating for the company in a research note on Thursday, February 22nd. Stifel Nicolaus reduced their target price on shares of Tile Shop from $10.00 to $6.50 and set a hold rating for the company in a research note on Thursday, February 22nd. Robert W. Baird reissued a neutral rating and issued a $6.00 price target (down previously from $10.00) on shares of Tile Shop in a research report on Thursday, February 22nd. Finally, Zacks Investment Research lowered shares of Tile Shop from a hold rating to a strong sell rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $7.09.

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NASDAQ TTS opened at $6.00 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $312.91, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.96. Tile Shop has a 12-month low of $5.15 and a 12-month high of $22.40.

Tile Shop (NASDAQ:TTS) last posted its earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.10). The business had revenue of $78.58 million during the quarter, compared to analyst estimates of $84.22 million. Tile Shop had a net margin of 3.14% and a return on equity of 11.11%. Tile Shop’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. analysts anticipate that Tile Shop will post 0.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, March 2nd. Tile Shop’s dividend payout ratio is 62.50%.

In related news, Director Peter H. Kamin bought 178,986 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average price of $5.46 per share, with a total value of $977,263.56. Following the completion of the transaction, the director now owns 609,059 shares of the company’s stock, valued at approximately $3,325,462.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Jacullo III bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average cost of $5.85 per share, for a total transaction of $58,500.00. Following the transaction, the director now directly owns 121,206 shares of the company’s stock, valued at approximately $709,055.10. The disclosure for this purchase can be found here. In the last three months, insiders bought 448,986 shares of company stock worth $2,466,764. Insiders own 24.30% of the company’s stock.

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

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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 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 (NASDAQ:TTS)

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