LONDON, UK / ACCESSWIRE / September 19, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Tile Shop Holdings, Inc. (NASDAQ: TTS), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TTS. The Company, which is a retailer of manufactured and natural stone tiles, announced on September 15, 2017, that it now operates 6 retail showrooms in the Detroit metro area, where the opening of its newest location in Troy is scheduled for the same day. The retail showroom spans about 14,750 square foot and offers a variety of more than 4,000 tile designs. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TTS. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=TTS

The Retail Store

The new showroom is located at 871 East Big Beaver Rd, where professional guidance is provided by a team of design experts. The shoppers are also offered the facility to utilize on-site design and education center featuring the Design Studio tool, which helps customers choose their own custom layouts and visualize how a tile project will look post the completion by exploring tile, trim and grout options, even before a purchase is made or an installation begins.

Features

The Company stated that Troy will be complementary to the Detroit market, where it has a long-established presence, by delivering a showroom, assortment, and design experience. At the showroom, Pro Network benefit would enable trade professionals to deliver the highest quality output to their clients.

  1. The shop includes high-quality tiles in different styles, color palettes, designs, shapes, patterns, and materials, inclusive of the latest Ted Baker premium designer tile collection.
  2. Expert store associate guidance is also provided in selecting, designing, and ordering tile and accessories offered to the customer's specific design style.
  3. The store also has sections for accessories and finishing pieces to enhance the tile or stone selection, to deliver a custom design.
  4. The Design Studio service offers an easy-to-use collaborative platform to create customized 3D design renderings to scale.
  5. The shop has over 30 decorated displays offering design inspiration.

          The Greater Phoenix Expansion

          On August 17, 2017, the Company announced that it operated 4 retail showrooms in the Phoenix metro operating area, where it opened its latest location in Glendale. The property is located at 8154 Bell Rd. #4.

          Tile Shop recently had reported its Q2 2017 results for the three-month period ended June 30, 2017, in July 2017. The Company reported net sales of $89.5 million up 6.2%, YOY, which was attributed to the comparable store sales increase of 0.5%, or $0.5 million, and incremental net sales of $4.7 million from stores not included in the comparable store sales. Comparable store sales growth for the second quarter of 2016 was 8.2%. The Company opened four new retail stores in Q2 2017, whereas of June 30, 2017, it operated 130 stores in 31 states and the District of Columbia.

          Last Close Stock Review

          On Monday, September 18, 2017, the stock closed the trading session at $15.30, slipping 3.77% from its previous closing price of $15.90. A total volume of 418.10 thousand shares have exchanged hands. Tile Shop's stock price advanced 4.44% in the last one month. The stock is trading at a PE ratio of 38.73 and has a dividend yield of 1.31%. The stock currently has a market cap of $766.99 million.

          Pro-Trader Daily:

          Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

          PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

          PRESS RELEASE PROCEDURES:

          The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

          NO WARRANTY

          PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

          NOT AN OFFERING

          This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

          CONTACT

          For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

          Email: contact@protraderdaily.com

          Phone number: (917) 341.4653

          Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

          CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

          SOURCE: Pro-Trader Daily