Tuesday Morning Corp. (TUES) Stock Price Down 1.2%
Tuesday Morning Corp. (NASDAQ:TUES) fell 1.2% on Tuesday . The stock 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.
Several research firms recently weighed in on TUES. Zacks Investment Research lowered Tuesday Morning Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday. B. Riley restated a “neutral” rating and issued a $9.00 target price on shares of Tuesday Morning Corp. in a report on Monday, May 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $11.00 target price (up from $9.00) on shares of Tuesday Morning Corp. in a report on Monday, May 2nd.
The company has a 50-day moving average of $7.67 and a 200 day moving average of $7.34. The firm has a market cap of $322.99 million and a P/E ratio of 90.62.
Tuesday Morning Corp. (NASDAQ:TUES) last posted its quarterly earnings data on Friday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. The firm had revenue of $222.80 million for the quarter. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. On average, analysts anticipate 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. boosted its position in Tuesday Morning Corp. (NASDAQ:TUES) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 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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