Tile Shop Holdings Inc. (NASDAQ:TTS) issued its earnings results on Tuesday. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company earned $78.60 million during the quarter, compared to the consensus estimate of $78.25 million. Tile Shop Holdings had a return on equity of 18.43% and a net margin of 6.75%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS.
Tile Shop Holdings (NASDAQ:TTS) opened at 18.15 on Wednesday. The firm’s 50 day moving average is $16.22 and its 200 day moving average is $17.39. The company has a market cap of $935.03 million, a PE ratio of 44.27 and a beta of 2.07. Tile Shop Holdings has a 52-week low of $12.40 and a 52-week high of $21.05.
Several equities analysts recently weighed in on TTS shares. Zacks Investment Research cut shares of Tile Shop Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Citigroup Inc. dropped their price target on shares of Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Tile Shop Holdings presently has an average rating of “Hold” and an average target price of $19.50.
In related news, Director Philip B. Livingston purchased 4,920 shares of Tile Shop Holdings stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average price of $16.97 per share, for a total transaction of $83,492.40. Following the completion of the transaction, the director now directly owns 4,568 shares of the company’s stock, valued at $77,518.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd Krasnow sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $17.14, for a total transaction of $171,400.00. The disclosure for this sale can be found here. Corporate insiders own 26.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of Tile Shop Holdings by 158.1% in the second quarter. Victory Capital Management Inc. now owns 6,475 shares of the company’s stock valued at $129,000 after buying an additional 3,966 shares in the last quarter. Rational Advisors LLC acquired a new stake in shares of Tile Shop Holdings during the second quarter worth $153,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Tile Shop Holdings during the second quarter worth $199,000. First Mercantile Trust Co. boosted its stake in shares of Tile Shop Holdings by 8.0% in the second quarter. First Mercantile Trust Co. now owns 10,100 shares of the company’s stock worth $201,000 after buying an additional 746 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Tile Shop Holdings during the second quarter worth $231,000. Institutional investors own 64.27% of the company’s stock.
Receive News & Ratings for Tile Shop Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.