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Fly News Breaks for October 19, 2018
TTS
Oct 19, 2018 | 06:14 EDT
Loop Capital analyst Anthony Chukumba writes that the Q3 results of Tile Shop were "encouraging" as the company was able to produce a "return to positive comparable store sales growth" while its gross margins improved "significantly". The analyst keeps his Hold rating and $7 price target however, noting that while improvements were in line with the management's expectations, Tile Shop faces the headwinds of weakening existing home sales and the continued shift to luxury vinyl tile.
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