Tuesday Morning Corp. (NASDAQ:TUES) traded up 6.2% during mid-day trading on Friday . The company traded as high as $7.36 and last traded at $7.35, with a volume of 67,339 shares trading hands. The stock had previously closed at $6.92.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $11.00 target price (up previously from $9.00) on shares of Tuesday Morning Corp. in a research report on Monday, May 2nd. B. Riley reissued a “neutral” rating and issued a $9.00 target price on shares of Tuesday Morning Corp. in a research report on Monday, May 2nd. Finally, Zacks Investment Research lowered Tuesday Morning Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, April 22nd.

The firm’s 50-day moving average price is $6.83 and its 200-day moving average price is $6.92. The company has a market capitalization of $327.48 million and a PE ratio of 97.14.

Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings results on Friday, April 29th. The company reported ($0.12) EPS for the quarter, meeting analysts’ consensus estimates of ($0.12). The company earned $211.40 million during the quarter, compared to the consensus estimate of $197.81 million. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. Analysts predict that Tuesday Morning Corp. will post $0.04 EPS for the current year.

Several large investors recently added to or reduced their stakes in the stock. Numeric Investors LLC raised 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 shares of Tuesday Morning Corp. during the fourth quarter valued at approximately $1,361,000. Finally, Principal Financial Group Inc. raised its stake in shares of Tuesday Morning Corp. by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 291,754 shares of the company’s stock valued at $1,896,000 after buying an additional 14,540 shares during the last quarter.

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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