Tile Shop Holdings Inc (NASDAQ:TTS) has been given a consensus rating of “Hold” by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.27.
Several analysts have recently commented on the stock. BidaskClub raised shares of Tile Shop from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th. Citigroup raised their target price on shares of Tile Shop from $6.60 to $7.40 and gave the company a “neutral” rating in a research report on Tuesday, May 1st. Robert W. Baird reaffirmed a “neutral” rating and issued a $6.00 target price (down previously from $10.00) on shares of Tile Shop in a research report on Thursday, February 22nd. Stifel Nicolaus decreased 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 report on Thursday, February 22nd. Finally, ValuEngine raised shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th.
Shares of TTS traded down $0.35 during mid-day trading on Friday, hitting $7.70. 1,037,422 shares of the company traded hands, compared to its average volume of 897,225. Tile Shop has a one year low of $5.15 and a one year high of $22.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.69 and a quick ratio of 0.34. The stock has a market capitalization of $412.02 million, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.68.
Several institutional investors and hedge funds have recently made changes to their positions in TTS. Schwab Charles Investment Management Inc. boosted its position in shares of Tile Shop by 4.3% in the fourth 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. HL Financial Services LLC raised its position in shares of Tile Shop by 67.5% in the 4th quarter. HL Financial Services LLC now owns 17,202 shares of the company’s stock worth $165,000 after purchasing an additional 6,931 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Tile Shop in the 4th quarter worth about $100,000. Teacher Retirement System of Texas purchased a new position in shares of Tile Shop in the 4th quarter worth about $112,000. Finally, Lapides Asset Management LLC raised its position in shares of Tile Shop by 13.2% in the 4th quarter. Lapides Asset Management LLC now owns 387,200 shares of the company’s stock worth $3,717,000 after purchasing an additional 45,300 shares during the last quarter. 63.69% of the stock is owned by institutional investors.
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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