Analysts at Credit Suisse started coverage on shares of Tile Shop Hldgs (NYSE: TTS) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $26.00 price target on the stock.
The analysts wrote, “We view TTS as a rare early-stage retail growth story that is poised to take share in the fragmented tile market and benefit from improving home remodel trends. The TTS investment story centers on the opportunity to more than double the store base over the next few years. What gives us confidence in that story is the value TTS provides consumers through its high service levels, industry-leading assortment, and attractive pricing. That has proven to be a winning recipe in retailing, as it helps protect from e-commerce, allows TTS to effectively compete vs. big box competitors, and supports higher margins (as can be seen in TTS’s ~28% EBITDA margins).”
A number of other firms have also recently commented on TTS. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of Tile Shop Hldgs in a research note to investors on Monday, March 11th. Separately, analysts at Sidoti initiated coverage on shares of Tile Shop Hldgs in a research note to investors on Thursday, February 28th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, analysts at Wedbush initiated coverage on shares of Tile Shop Hldgs in a research note to investors on Friday, February 22nd. They set an “outperform” rating and a $22.00 price target on the stock.
One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Tile Shop Hldgs currently has a consensus rating of “Buy” and an average target price of $22.40.
Tile Shop Hldgs (NYSE: TTS) traded up 3.64% on Monday, hitting $21.38. Tile Shop Hldgs has a 52-week low of $11.75 and a 52-week high of $22.39. The stock’s 50-day moving average is currently $19.22. The company’s market cap is $994.6 million.
Tile Shop Hldgs (NYSE: TTS) last posted its quarterly earnings results on Wednesday, February 20th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. The company had revenue of $46.20 million for the quarter, compared to the consensus estimate of $44.93 million. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, analysts predict that Tile Shop Hldgs will post $0.51 earnings per share for the current fiscal year.