Citigroup initiated coverage on shares of Tile Shop (NASDAQ:TTS) in a report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $9.00 target price on the stock.

Several other research analysts also recently commented on TTS. BidaskClub downgraded shares of Tile Shop from a buy rating to a hold rating in a report on Saturday, June 30th. ValuEngine downgraded shares of Tile Shop from a sell rating to a strong sell rating in a report on Monday, July 2nd. Stifel Nicolaus raised their price target on shares of Tile Shop from $7.00 to $10.00 and gave the company a hold rating in a report on Friday, July 20th. Telsey Advisory Group raised their price target on shares of Tile Shop from $4.50 to $5.50 and gave the company an underperform rating in a report on Friday, July 20th. Finally, Piper Jaffray Companies reissued a hold rating and issued a $10.00 price target on shares of Tile Shop in a report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Tile Shop presently has a consensus rating of Hold and a consensus price target of $8.42.

NASDAQ:TTS traded down $0.09 during trading hours on Wednesday, hitting $6.49. The stock had a trading volume of 543,898 shares, compared to its average volume of 711,965. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.83 and a quick ratio of 0.34. Tile Shop has a one year low of $5.15 and a one year high of $10.50. The company has a market cap of $376.84 million, a price-to-earnings ratio of 20.28, a PEG ratio of 1.27 and a beta of 1.79.

Tile Shop (NASDAQ:TTS) last announced its quarterly earnings results on Thursday, July 19th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Tile Shop had a net margin of 1.17% and a return on equity of 6.28%. The firm had revenue of $92.90 million during the quarter, compared to the consensus estimate of $90.71 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Tile Shop will post 0.23 EPS for the current fiscal year.

In related news, Director Peter J. Jacullo III acquired 21,077 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was bought at an average cost of $7.14 per share, with a total value of $150,489.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 25.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TTS. Metropolitan Life Insurance Co. NY bought a new stake in shares of Tile Shop during the 2nd quarter worth $109,000. Aperio Group LLC bought a new stake in shares of Tile Shop during the 2nd quarter worth $111,000. Navellier & Associates Inc bought a new stake in shares of Tile Shop during the 1st quarter worth $121,000. Guggenheim Capital LLC lifted its holdings in shares of Tile Shop by 55.9% during the 1st quarter. Guggenheim Capital LLC now owns 21,126 shares of the company’s stock worth $127,000 after acquiring an additional 7,576 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Tile Shop during the 2nd quarter worth $148,000. 64.49% of the stock is owned by institutional investors.

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 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.

Further Reading: 52-Week High/Low

Analyst Recommendations for Tile Shop (NASDAQ:TTS)

Receive News & Ratings for Tile Shop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tile Shop and related companies with MarketBeat.com's FREE daily email newsletter.