B. Riley Reaffirms Hold Rating for Tuesday Morning Corp. (NASDAQ:TUES)

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.

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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.

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