Tuesday Morning Corp. (TUES) Trading 6.2% Higher
Tuesday Morning Corp. (NASDAQ:TUES) shares traded up 6.2% on Friday . The stock traded as high as $7.36 and last traded at $7.35, with a volume of 67,339 shares. The stock had previously closed at $6.92.
Several research analysts have weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $11.00 price target (up from $9.00) on shares of Tuesday Morning Corp. in a research note on Monday, May 2nd. B. Riley restated a “neutral” rating and issued a $9.00 price target on shares of Tuesday Morning Corp. in a research note on Monday, May 2nd. Finally, Zacks Investment Research downgraded Tuesday Morning Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, April 22nd.
The stock has a market capitalization of $327.48 million and a PE ratio of 97.14. The company’s 50-day moving average price is $6.79 and its 200-day moving average price is $6.91.
Tuesday Morning Corp. (NASDAQ:TUES) last announced its quarterly earnings results on Friday, April 29th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). During the same quarter in the prior year, the business posted ($0.06) earnings per share. The company had revenue of $211.40 million for the quarter, compared to analysts’ expectations of $197.81 million. The firm’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that Tuesday Morning Corp. will post $0.04 earnings per share for the current fiscal year.
Several hedge funds have bought and sold shares of TUES. Numeric Investors LLC boosted its stake in Tuesday Morning Corp. by 212.4% in the fourth quarter. Numeric Investors LLC now owns 431,800 shares of the company’s stock worth $2,807,000 after buying an additional 293,600 shares during the period. Boston Partners acquired a new stake in Tuesday Morning Corp. during the fourth quarter worth approximately $1,361,000. Finally, Principal Financial Group Inc. boosted its stake in Tuesday Morning Corp. by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 291,754 shares of the company’s stock worth $1,896,000 after buying an additional 14,540 shares during the period.
Tuesday Morning Corporation, is a merchandise and retail company. The Company is a retailer of off-price, upscale decorative home accessories, housewares, seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings, housewares, gifts and other related items.
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