Tile Shop Holdings, Inc. (NASDAQ:TTS) declared a quarterly dividend on Wednesday, February 21st, Zacks reports. Stockholders of record on Monday, March 5th will be given a dividend of 0.05 per share on Friday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, March 2nd.
Tile Shop (NASDAQ TTS) opened at $5.58 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.39 and a debt-to-equity ratio of 0.13. Tile Shop has a twelve month low of $5.50 and a twelve month high of $22.40. The firm has a market cap of $290.75, a P/E ratio of 17.98, a PEG ratio of 0.62 and a beta of 1.60.
Tile Shop (NASDAQ:TTS) last announced its earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.10). The business had revenue of $78.58 million for the quarter, compared to the consensus estimate of $84.22 million. Tile Shop had a net margin of 3.14% and a return on equity of 11.11%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. analysts anticipate that Tile Shop will post 0.19 EPS for the current fiscal year.
TTS has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Citigroup cut their target price on shares of Tile Shop from $10.00 to $6.60 and set a “neutral” rating for the company in a research report on Thursday. Loop Capital cut their target price on shares of Tile Shop to $5.00 and set a “hold” rating for the company in a research report on Thursday. BidaskClub lowered shares of Tile Shop from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Robert W. Baird restated a “neutral” rating and set a $6.00 target price (down from $10.00) on shares of Tile Shop in a research report on Thursday. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $7.09.
In other news, Director Todd Krasnow purchased 10,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of $9.01 per share, for a total transaction of $90,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter J. Jacullo III purchased 187,828 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $8.48 per share, with a total value of $1,592,781.44. The disclosure for this purchase can be found here. Insiders have purchased 247,828 shares of company stock valued at $2,101,381 over the last 90 days. 24.30% of the stock is currently owned by company insiders.
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 ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
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