ValuEngine upgraded shares of Tuesday Morning (NASDAQ:TUES) from a strong sell rating to a sell rating in a research note published on Tuesday.
A number of other research analysts have also commented on TUES. B. Riley restated a hold rating and issued a $3.30 price objective on shares of Tuesday Morning in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Tuesday Morning from a sell rating to a hold rating in a research note on Saturday, January 6th.
Tuesday Morning (NASDAQ TUES) traded down $0.02 during midday trading on Tuesday, reaching $3.20. 184,650 shares of the company’s stock were exchanged, compared to its average volume of 237,473. The company has a current ratio of 1.70, a quick ratio of 0.12 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $146.69, a price-to-earnings ratio of -3.90 and a beta of 1.97. Tuesday Morning has a one year low of $1.60 and a one year high of $4.55.
Tuesday Morning (NASDAQ:TUES) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The business had revenue of $218.76 million during the quarter, compared to analyst estimates of $216.39 million. Tuesday Morning had a negative net margin of 3.69% and a negative return on equity of 17.31%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. research analysts anticipate that Tuesday Morning will post -0.51 EPS for the current year.
In other news, Director Sherry M. Smith purchased 13,084 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $2.75 per share, for a total transaction of $35,981.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP increased its stake in shares of Tuesday Morning by 8.5% during the third quarter. GSA Capital Partners LLP now owns 367,800 shares of the company’s stock worth $1,177,000 after acquiring an additional 28,900 shares during the period. California Public Employees Retirement System increased its stake in shares of Tuesday Morning by 22.6% during the third quarter. California Public Employees Retirement System now owns 396,142 shares of the company’s stock worth $1,268,000 after acquiring an additional 73,142 shares during the period. Wells Fargo & Company MN increased its stake in shares of Tuesday Morning by 281.5% during the third quarter. Wells Fargo & Company MN now owns 36,612 shares of the company’s stock worth $117,000 after acquiring an additional 27,016 shares during the period. Citadel Advisors LLC acquired a new position in shares of Tuesday Morning during the third quarter worth about $143,000. Finally, SG Capital Management LLC acquired a new position in shares of Tuesday Morning during the third quarter worth about $583,000. Institutional investors and hedge funds own 71.23% of the company’s stock.
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About Tuesday Morning
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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