Tuesday Morning Corp. (NASDAQ:TUES) dropped 1.2% during mid-day trading on Tuesday . The company traded as low as $7.41 and last traded at $7.41, with a volume of 69,761 shares traded. The stock had previously closed at $7.50.

TUES has been the subject of a number of recent analyst reports. Zacks Investment Research raised Tuesday Morning Corp. from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Tuesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and set a $11.00 price target (up from $9.00) on shares of Tuesday Morning Corp. in a report on Monday, May 2nd. Finally, B. Riley reiterated a “neutral” rating and set a $9.00 price target on shares of Tuesday Morning Corp. in a report on Monday.

The company has a 50-day moving average price of $7.65 and a 200 day moving average price of $7.34. The firm has a market capitalization of $331.01 million and a P/E ratio of 92.88.

Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings results on Friday, August 19th. The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The business had revenue of $222.80 million for the quarter. Tuesday Morning Corp.’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Tuesday Morning Corp. will post $0.26 EPS for the current year.

A hedge fund recently raised its stake in Tuesday Morning Corp. stock. Schwab Charles Investment Management Inc. boosted its position in shares of Tuesday Morning Corp. (NASDAQ:TUES) by 15.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,244 shares of the company’s stock after buying an additional 33,243 shares during the period. Schwab Charles Investment Management Inc. owned 0.58% of Tuesday Morning Corp. worth $1,634,000 as of its most recent filing with the SEC.

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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