Last $8.71 USD
Change Today -0.24 / -2.68%
Volume 625.8K
TTS On Other Exchanges
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

tile shop hldgs inc (TTS) Snapshot

Open
$8.99
Previous Close
$8.95
Day High
$9.01
Day Low
$8.60
52 Week High
01/10/14 - $18.67
52 Week Low
10/28/14 - $6.94
Market Cap
446.9M
Average Volume 10 Days
377.6K
EPS TTM
$0.23
Shares Outstanding
51.3M
EX-Date
--
P/E TM
38.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for TILE SHOP HLDGS INC (TTS)

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tile shop hldgs inc (TTS) Details

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 4,500 products, including ceramic, porcelain, glass, and stainless steel manufactured tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx natural tiles primarily under the proprietary 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 October 28, 2014, it operated 105 stores in 30 states. The company also sells its products through its Website, tileshop.com. Tile Shop Holdings, Inc. was founded in 1985 and is headquartered in Plymouth, Minnesota.

1,200 Employees
Last Reported Date: 02/28/14
Founded in 1985

tile shop hldgs inc (TTS) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: $500.0K
Chief Operating Officer
Total Annual Compensation: $75.0K
Senior Vice President of Retail
Total Annual Compensation: $200.0K
Senior Vice President of Operations
Total Annual Compensation: $200.0K
Vice President of Human Resources and Complia...
Total Annual Compensation: $231.1K
Compensation as of Fiscal Year 2013.

tile shop hldgs inc (TTS) Key Developments

Tile Shop Hldgs Announces Management Changes

Tile Shop Hldgs announced that its founder and chief executive officer Robert Rucker will retire as CEO effective January 1, 2015 and be replaced by current chief operating officer Chris Homeister, who was unanimously approved by the board of directors for promotion to CEO and will join the board of directors early next year. Rucker will remain with the company full time through August 1, 2015 as an advisor and will also remain on the board of directors.

Tile Shop Holdings, Inc. Plans to Open New Stores for the Full Year Ending December 31, 2014

Tile Shop Holdings, Inc. announced that it expects to open 19 new stores for the full year ending December 31, 2014.

Tile Shop Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending December 31, 2014

Tile Shop Holdings, Inc. reported unaudited consolidated earnings results for its third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales grew 10.6% to $62.8 million compared with $56.8 million for the third quarter of 2013. The $6.0 million increase in sales was driven by incremental net sales of $5.7 million from stores not included in the comparable store base and comparable store sales growth of 0.6% or $0.3 million in the quarter. Income from operations was $3.706 million compared to $7.607 million in the quarter ended September 30, 2013. Net income was $1.504 million or $0.03 per basic and diluted share against $4.050 million or $0.08 per basic and diluted share a year ago. Non-GAAP net income before taxes was $2.701 million against $7.058 million a year ago. Income before income taxes was $2.510 million against $6.807 million a year ago. Adjusted EBITDA was $9.967 million against $12.668 million reported in the third quarter of 2013. Non-GAAP net income was $1.618 million or $0.03 per basic and diluted share against $4.235 million $0.08 per basic and diluted share a year ago. Capital expenditures were approximately $9 million in the quarter, primarily related to new store build-out, store remodeling, improvements at the existing distribution centers and corporate IT investment. With respect to cash flow, the company generated approximately $7 million of free cash flow in the quarter. For the nine months, the company's net sales grew 12.9% to $193.9 million in 2014 compared with $171.8 million in 2013. Comparable store sales for the nine month period declined 0.5%. For the nine month period, the two year increase in comparable store sales was 12.6%. Adjusted EBITDA was $37.180 million compared to $37.180 million in the same period of the prior year. Income from operations was $17.787 million compared to $30.102 million in the same period of 2013. Net income was $9.041 million or $0.18 per basic and diluted share against net loss of $37.083 million or $0.75 per basic and diluted share a year ago. Non-GAAP net income before taxes was $16.616 million against $29.448 million a year ago. Non-GAAP net income was $9.970 million or $0.20 per basic and diluted share against $17.669 million $0.36 per basic and diluted share a year ago. For the full year ending December 31, 2014 the company's net sales expected to be $257 million to $261 million, earnings per share expected to be $0.23 to $0.25, and gross margin expected to be approximately 69.5%. Comparable sales store growth will be down 1% to plus 1%. Effective tax rate is expected to be 40%. The company expects the year to conclude with positive free cash flow for 2014.

 

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TTS

Industry Average

Valuation TTS Industry Range
Price/Earnings 42.5x
Price/Sales 1.8x
Price/Book 4.8x
Price/Cash Flow 42.7x
TEV/Sales 1.4x
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