Tuesday Morning Corp. (NASDAQ:TUES)‘s stock had its “hold” rating reissued by investment analysts at B. Riley in a report issued on Friday, October 27th. They presently have a $3.30 price target on the stock. B. Riley’s price target indicates a potential upside of 20.00% from the stock’s current price.
Separately, Zacks Investment Research upgraded Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2.90.
Shares of Tuesday Morning Corp. (TUES) traded down $0.05 during trading on Friday, reaching $2.75. The company had a trading volume of 261,400 shares, compared to its average volume of 646,222. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 0.12. Tuesday Morning Corp. has a 1 year low of $1.60 and a 1 year high of $6.00.
Tuesday Morning Corp. (NASDAQ:TUES) last issued its earnings results on Thursday, November 2nd. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.08). Tuesday Morning Corp. had a negative net margin of 3.69% and a negative return on equity of 17.31%. The company had revenue of $218.76 million during the quarter, compared to analyst estimates of $216.39 million. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. equities research analysts anticipate that Tuesday Morning Corp. will post -0.51 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/11/13/tuesday-morning-corp-tues-given-hold-rating-at-b-riley.html.
Several hedge funds and other institutional investors have recently bought and sold shares of TUES. Schneider Capital Management Corp increased its holdings in shares of Tuesday Morning Corp. by 1,279.5% in the second quarter. Schneider Capital Management Corp now owns 1,084,936 shares of the company’s stock valued at $2,061,000 after buying an additional 1,006,288 shares in the last quarter. AWM Investment Company Inc. increased its holdings in shares of Tuesday Morning Corp. by 1,200.0% in the second quarter. AWM Investment Company Inc. now owns 650,000 shares of the company’s stock valued at $1,235,000 after buying an additional 600,000 shares in the last quarter. Grace & White Inc. NY increased its holdings in shares of Tuesday Morning Corp. by 53.9% in the second quarter. Grace & White Inc. NY now owns 1,698,168 shares of the company’s stock valued at $3,227,000 after buying an additional 594,619 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Tuesday Morning Corp. by 144.4% in the second quarter. Goldman Sachs Group Inc. now owns 438,191 shares of the company’s stock valued at $833,000 after buying an additional 258,932 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tuesday Morning Corp. by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,625,209 shares of the company’s stock valued at $13,595,000 after buying an additional 249,080 shares in the last quarter. 78.77% of the stock is currently owned by institutional investors.
About Tuesday Morning Corp.
Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.
Receive News & Ratings for Tuesday Morning Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuesday Morning Corp. and related companies with MarketBeat.com's FREE daily email newsletter.