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Tile Shop Holdings, Inc. (TTS) 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, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name. As of April 19, 2016, it operated 116 stores in 31 states with an average size of 21,700 square feet.
The company also sells its products through its Website, tileshop.com. Shares have formed a bullish "flag" following the Company's latest quarterly results.
Quarterly revenue increased 16.1% year over year, to $84.7 million, and 13.2% comparable-store sales growth. Gross margin also increased 60 basis points to 70.5%. That translated to adjusted net income of $7.2 million, up from $4 million in last year's first quarter, and adjusted earnings per diluted share of $0.14, up from $0.08 per share in the same year-ago period. Higher share prices are expected for this stock.
52-Weeks Trading Range: $11.32 - $19.01
Entry Point: $17.49
Stop Loss: $16.60
Target Price: $19.24
TTS closed at $19.70.
