Tuesday Morning Co. (NASDAQ:TUES) shares fell 4.9% during mid-day trading on Tuesday . The company traded as low as $7.36 and last traded at $7.36, with a volume of 246,260 shares trading hands. The stock had previously closed at $7.74.

A number of research firms have recently issued reports on TUES. Zacks Investment Research raised Tuesday Morning from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Tuesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $11.00 price objective (up previously from $9.00) on shares of Tuesday Morning in a report on Monday, May 2nd. Finally, B. Riley reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Tuesday Morning in a report on Monday, May 2nd.

The firm has a market cap of $322.23 million and a PE ratio of 95.58. The firm has a 50-day moving average price of $7.30 and a 200 day moving average price of $7.14.

Tuesday Morning (NASDAQ:TUES) last issued its quarterly earnings data on Friday, April 29th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). The business had revenue of $211.40 million for the quarter, compared to analyst estimates of $197.81 million. During the same quarter last year, the business earned ($0.06) EPS. Tuesday Morning’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts expect that Tuesday Morning Co. will post $0.04 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Tuesday Morning stock. Boston Partners bought a new position in Tuesday Morning Co. (NASDAQ:TUES) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 209,328 shares of the company’s stock, valued at approximately $1,361,000. Boston Partners owned about 0.48% of Tuesday Morning as of its most recent SEC filing.

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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