Zacks: Brokerages Expect Tile Shop Holdings Inc (NASDAQ:TTS) Will Announce Quarterly Sales of $91.75 Million

Brokerages forecast that Tile Shop Holdings Inc (NASDAQ:TTS) will announce $91.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Tile Shop’s earnings, with estimates ranging from $91.50 million to $91.99 million. Tile Shop posted sales of $92.91 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 18th.

On average, analysts expect that Tile Shop will report full-year sales of $364.17 million for the current fiscal year, with estimates ranging from $356.60 million to $378.00 million. For the next financial year, analysts forecast that the firm will post sales of $394.65 million, with estimates ranging from $388.80 million to $400.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tile Shop.

Tile Shop (NASDAQ:TTS) last posted its earnings results on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Tile Shop had a net margin of 2.20% and a return on equity of 5.19%. The firm had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $93.31 million. During the same period in the previous year, the company earned $0.08 EPS. The company’s revenue was down 4.6% on a year-over-year basis.



TTS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. ValuEngine lowered shares of Tile Shop from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Citigroup lowered shares of Tile Shop from a “buy” rating to a “neutral” rating and cut their price target for the company from $9.00 to $5.50 in a research note on Wednesday, May 1st. BidaskClub lowered shares of Tile Shop from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $5.00 price target (down previously from $7.50) on shares of Tile Shop in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.50.

In other Tile Shop news, Director Peter J. Jacullo III acquired 80,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were purchased at an average price of $4.04 per share, for a total transaction of $323,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 120,000 shares of company stock worth $525,400 in the last quarter. Company insiders own 27.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TTS. BlackRock Inc. lifted its stake in shares of Tile Shop by 1.6% in the fourth quarter. BlackRock Inc. now owns 6,448,065 shares of the company’s stock worth $35,336,000 after buying an additional 103,358 shares in the last quarter. Vanguard Group Inc. increased its position in Tile Shop by 11.5% during the third quarter. Vanguard Group Inc. now owns 3,034,218 shares of the company’s stock worth $21,695,000 after purchasing an additional 313,778 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Tile Shop by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,407,335 shares of the company’s stock worth $13,627,000 after purchasing an additional 106,338 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in Tile Shop by 69.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 1,164,500 shares of the company’s stock worth $6,381,000 after purchasing an additional 477,000 shares during the last quarter. Finally, Mairs & Power INC increased its position in shares of Tile Shop by 10.5% during the fourth quarter. Mairs & Power INC now owns 1,014,275 shares of the company’s stock valued at $5,558,000 after acquiring an additional 96,165 shares during the last quarter. 64.55% of the stock is currently owned by institutional investors and hedge funds.

Tile Shop stock traded down $0.02 during mid-day trading on Friday, reaching $4.09. 1,893 shares of the company traded hands, compared to its average volume of 391,704. The company has a current ratio of 1.59, a quick ratio of 0.30 and a debt-to-equity ratio of 1.24. Tile Shop has a fifty-two week low of $3.70 and a fifty-two week high of $9.50. The firm has a market capitalization of $213.32 million, a price-to-earnings ratio of 20.50, a PEG ratio of 1.02 and a beta of 1.74.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a $0.05 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.89%. Tile Shop’s payout ratio is currently 100.00%.

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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