Tuesday Morning Corp. (TUES) Trading Down 2.5%
Tuesday Morning Corp. (NASDAQ:TUES) fell 2.5% during trading on Monday . The stock traded as low as $6.95 and last traded at $6.95, with a volume of 71,385 shares trading hands. The stock had previously closed at $7.13.
Several brokerages recently commented on TUES. B. Riley restated a “neutral” rating and issued a $9.00 price target on shares of Tuesday Morning Corp. in a research report on Saturday. Zacks Investment Research upgraded shares of Tuesday Morning Corp. from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Tuesday, July 12th.
The company has a market cap of $292.35 million and a PE ratio of 83.438. The firm’s 50-day moving average is $7.64 and its 200-day moving average is $7.39.
Tuesday Morning Corp. (NASDAQ:TUES) last issued its quarterly earnings results on Friday, August 19th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. During the same period last year, the company posted ($0.10) EPS. 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 expect that Tuesday Morning Corp. will post $0.09 earnings per share for the current year.
A hedge fund recently raised its stake in Tuesday Morning Corp. stock. Schwab Charles Investment Management Inc. raised its stake in Tuesday Morning Corp. (NASDAQ:TUES) by 15.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 about 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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