Wall Street analysts expect that Tile Shop Holdings, Inc. (NASDAQ:TTS) will announce $94.66 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Tile Shop’s earnings, with the lowest sales estimate coming in at $91.20 million and the highest estimate coming in at $100.10 million. Tile Shop posted sales of $92.14 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is expected to report its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Tile Shop will report full year sales of $94.66 million for the current fiscal year, with estimates ranging from $347.60 million to $382.30 million. For the next fiscal year, analysts expect that the company will post 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 analysts that follow Tile Shop.
Tile Shop (NASDAQ:TTS) last issued 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 firm had revenue of $78.58 million during the quarter, compared to analysts’ expectations of $84.22 million. Tile Shop had a return on equity of 11.11% and a net margin of 3.14%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS.
A number of equities analysts recently issued reports on TTS shares. Zacks Investment Research upgraded Tile Shop from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. BidaskClub upgraded Tile Shop from a “sell” rating to a “hold” rating in a research note on Saturday, December 9th. Stifel Nicolaus reduced their target price on Tile Shop from $10.00 to $6.50 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Citigroup reduced their target price on Tile Shop from $10.00 to $6.60 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Finally, Robert W. Baird restated a “neutral” rating and issued a $6.00 target price (down previously from $10.00) on shares of Tile Shop in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.09.
In related news, Director Peter H. Kamin acquired 178,986 shares of Tile Shop stock in a transaction on Thursday, March 1st. The stock was acquired at an average price of $5.46 per share, for a total transaction of $977,263.56. Following the purchase, the director now owns 609,059 shares of the company’s stock, valued at approximately $3,325,462.14. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter H. Kamin acquired 240,000 shares of Tile Shop stock in a transaction on Monday, February 26th. The shares were bought at an average price of $5.50 per share, with a total value of $1,320,000.00. Following the purchase, the director now directly owns 518,578 shares in the company, valued at approximately $2,852,179. The disclosure for this purchase can be found here. Insiders have acquired a total of 458,986 shares of company stock valued at $2,556,864 in the last quarter. Company insiders own 24.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of Tile Shop by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,638 shares of the company’s stock valued at $570,000 after buying an additional 1,470 shares during the last quarter. HAP Trading LLC raised its stake in shares of Tile Shop by 68.1% during the 3rd quarter. HAP Trading LLC now owns 16,896 shares of the company’s stock valued at $215,000 after buying an additional 6,843 shares during the last quarter. HL Financial Services LLC grew its position in shares of Tile Shop by 67.5% during the 4th quarter. HL Financial Services LLC now owns 17,202 shares of the company’s stock valued at $165,000 after acquiring an additional 6,931 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Tile Shop by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 170,638 shares of the company’s stock valued at $1,639,000 after acquiring an additional 7,020 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Tile Shop by 71.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the company’s stock valued at $227,000 after acquiring an additional 7,437 shares during the period. Institutional investors and hedge funds own 64.76% of the company’s stock.
Tile Shop (NASDAQ TTS) opened at $5.95 on Friday. The stock has a market capitalization of $310.30, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.27 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 0.33. Tile Shop has a 52 week low of $5.15 and a 52 week high of $22.40.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be paid 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 dividend yield of 3.36%. Tile Shop’s payout ratio is currently 95.24%.
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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