Tile Shop Holdings Inc (NASDAQ:TTS) Expected to Post Quarterly Sales of $87.86 Million
Wall Street analysts forecast that Tile Shop Holdings Inc (NASDAQ:TTS) will post $87.86 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Tile Shop’s earnings. The lowest sales estimate is $86.28 million and the highest is $90.80 million. Tile Shop reported sales of $89.26 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The company is expected to report its next quarterly earnings report on Thursday, October 17th.
According to Zacks, analysts expect that Tile Shop will report full year sales of $349.13 million for the current year, with estimates ranging from $345.09 million to $356.10 million. For the next fiscal year, analysts forecast that the business will post sales of $364.45 million, with estimates ranging from $354.95 million to $373.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Tile Shop.
A number of research firms recently weighed in on TTS. ValuEngine raised shares of Tile Shop from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Telsey Advisory Group lowered shares of Tile Shop from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $5.00 to $2.50 in a report on Tuesday, July 23rd. Zacks Investment Research cut shares of Tile Shop from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Loop Capital cut their price target on Tile Shop from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.42.
Several hedge funds have recently made changes to their positions in TTS. Wedge Capital Management L L P NC grew its stake in Tile Shop by 21.2% in the 1st quarter. Wedge Capital Management L L P NC now owns 68,034 shares of the company’s stock valued at $385,000 after purchasing an additional 11,906 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Tile Shop by 1,076.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,529 shares of the company’s stock worth $48,000 after purchasing an additional 7,804 shares in the last quarter. Granite Investment Partners LLC grew its stake in shares of Tile Shop by 87.7% in the 1st quarter. Granite Investment Partners LLC now owns 108,725 shares of the company’s stock worth $616,000 after buying an additional 50,813 shares during the last quarter. Meristem Family Wealth LLC purchased a new stake in shares of Tile Shop in the 2nd quarter worth approximately $49,000. Finally, Camelot Portfolios LLC bought a new position in Tile Shop during the 2nd quarter valued at approximately $40,000. 64.44% of the stock is owned by institutional investors.
Shares of NASDAQ TTS traded up $0.23 during mid-day trading on Friday, hitting $3.00. The company’s stock had a trading volume of 436,074 shares, compared to its average volume of 435,223. Tile Shop has a one year low of $2.24 and a one year high of $8.20. The company’s fifty day simple moving average is $2.60 and its 200-day simple moving average is $4.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.70 and a quick ratio of 0.28. The stock has a market cap of $141.02 million, a price-to-earnings ratio of 15.00 and a beta of 1.42.
About Tile Shop
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 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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