Tuesday Morning Corp. (TUES) Stock Price Up 5.4%
Tuesday Morning Corp. (NASDAQ:TUES)’s share price rose 5.4% on Wednesday . The stock traded as high as $7.98 and last traded at $7.98, with a volume of 101,915 shares traded. The stock had previously closed at $7.57.
TUES has been the topic of several research reports. Zacks Investment Research raised shares of Tuesday Morning Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 5th. B. Riley reaffirmed a “neutral” rating and set a $9.00 target price on shares of Tuesday Morning Corp. in a research note on Monday, May 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $11.00 target price (up from $9.00) on shares of Tuesday Morning Corp. in a research note on Monday, May 2nd.
The company has a 50-day moving average price of $7.07 and a 200 day moving average price of $6.99. The stock has a market cap of $349.37 million and a P/E ratio of 103.64.
Tuesday Morning Corp. (NASDAQ:TUES) last announced its quarterly earnings results on Friday, April 29th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.12). During the same quarter in the prior year, the business earned ($0.06) EPS. The company earned $211.40 million during the quarter, compared to analysts’ expectations of $197.81 million. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts predict that Tuesday Morning Corp. will post $0.04 EPS for the current fiscal year.
An institutional investor recently bought a new position in Tuesday Morning Corp. stock. Boston Partners purchased a new position in shares of Tuesday Morning Corp. (NASDAQ:TUES) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 209,328 shares of the company’s stock, valued at approximately $1,361,000. Boston Partners owned about 0.48% of Tuesday Morning Corp. at the end of the most recent 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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