A History of Outperforming Analyst Forecasts and Beating the Odds: Tile Shop Holdings Inc. (TTSH)

Tile Shop Holdings Inc. (NASDAQ: TTSH) stock jumped 0.98% on Wednesday to $4.14 against a previous-day closing price of $4.10. With 0.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.46 million shares. During the session, the Home Improvement Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.1900 whereas the lowest price it dropped to was $4.0800. The 52-week range on TTSH shows that it touched its highest point at $7.85 and its lowest point at $2.70 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 1.52.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TTSH was down-trending over the past week, with a drop of -2.13%, but this was up by 2.35% over a month. Three-month performance surged to 2.48% while six-month performance fell -3.72%. The stock lost -46.16% in the past year, while it has lost -41.94% so far this year. A look at the trailing 12-month EPS for TTSH yields 0.31 with Next year EPS estimates of 0.32. For the next quarter, that number is 0.02. This implies an EPS growth rate of 456.00% for this year and 6.67% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.10%.

Float and Shares Shorts:

At present, 50.42 million TTSH shares are outstanding with a float of 28.07 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.33 million, which was 4.46% higher than short shares on Sep 14, 2022. In addition to Mr. Cabell H. Lolmaugh as the firm’s CEO, Pres & Director, Mr. Mark Burton Davis serves as its Chief Accounting Officer & VP of Investor Relations.

Institutional Ownership:

Through their ownership of 41.87% of TTSH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.82% of TTSH, in contrast to 55.29% held by mutual funds. Shares owned by individuals account for 26.97%. As the largest shareholder in TTSH with 6.89% of the stake, Cannell Capital LLC holds 3,600,539 shares worth 3,600,539. A second-largest stockholder of TTSH, Savitr Capital LLC, holds 2,770,535 shares, controlling over 5.30% of the firm’s shares. Kanen Wealth Management LLC is the third largest shareholder in TTSH, holding 1,737,801 shares or 3.33% stake. With a 2.02% stake in TTSH, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,057,158 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.42% of TTSH stock, is the second-largest Mutual Fund holder. It holds 741,085 shares valued at 2.92 million. Vanguard Extended Market Index Fu holds 0.84% of the stake in TTSH, owning 436,590 shares worth 1.72 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TTSH since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TTSH analysts setting a high price target of $9.00 and a low target of $9.00, the average target price over the next 12 months is $9.00. Based on these targets, TTSH could surge 117.39% to reach the target high and rise by 117.39% to reach the target low. Reaching the average price target will result in a growth of 117.39% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TTSH will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $0.30 being high and $0.30 being low. For TTSH, this leads to a yearly average estimate of $0.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tile Shop Holdings Inc. surprised analysts by $0.04 when it reported $0.08 EPS against a consensus estimate of $0.04. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.02 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.02.


Dividends & Yield:

Dividend yield is another indicator that appeals to many investors, and TTSH currently yields $1.98. In the past year, TTSH’s dividend yield has been $1.98. Accordingly, TTSH has a current buyback yield of $8.24. This was $8.24 for the TTM.

Summary of Insider Activity:

Insiders traded TTSH stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 4,397 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 1,300,637 while 1,292,516 shares were sold.

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