Prudential Financial Inc. lowered its stake in shares of Tuesday Morning Corp. (NASDAQ:TUES) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 74,796 shares of the company’s stock after selling 650 shares during the period. Prudential Financial Inc.’s holdings in Tuesday Morning Corp. were worth $280,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Two Sigma Investments LP acquired a new stake in shares of Tuesday Morning Corp. during the fourth quarter worth $113,000. State of Tennessee Treasury Department boosted its stake in shares of Tuesday Morning Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,130 shares of the company’s stock worth $154,000 after buying an additional 6,207 shares during the period. Comerica Bank boosted its stake in shares of Tuesday Morning Corp. by 5.1% in the fourth quarter. Comerica Bank now owns 47,459 shares of the company’s stock worth $254,000 after buying an additional 2,315 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Tuesday Morning Corp. during the first quarter worth $230,000. Finally, Teachers Advisors LLC boosted its stake in shares of Tuesday Morning Corp. by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 72,796 shares of the company’s stock worth $393,000 after buying an additional 4,588 shares during the period. 92.32% of the stock is owned by institutional investors.

Shares of Tuesday Morning Corp. (NASDAQ:TUES) opened at 1.80 on Friday. The company’s market cap is $79.24 million. Tuesday Morning Corp. has a 12 month low of $1.60 and a 12 month high of $8.11. The company’s 50 day moving average is $1.90 and its 200-day moving average is $3.48.

Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.07. The business had revenue of $203 million for the quarter, compared to the consensus estimate of $207.10 million. Tuesday Morning Corp. had a negative return on equity of 8.56% and a negative net margin of 1.97%. Tuesday Morning Corp.’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share. Analysts expect that Tuesday Morning Corp. will post ($0.63) EPS for the current fiscal year.

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TUES has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Credit Suisse Group cut their target price on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating on the stock in a research note on Friday, June 16th. ValuEngine lowered shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, B. Riley restated a “neutral” rating and issued a $2.60 target price on shares of Tuesday Morning Corp. in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $3.28.

In other news, CEO Steven R. Becker purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average cost of $1.73 per share, with a total value of $173,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Terry Lee Burman purchased 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average cost of $2.24 per share, with a total value of $89,600.00. Following the completion of the acquisition, the director now directly owns 201,883 shares in the company, valued at $452,217.92. The disclosure for this purchase can be found here. Insiders have bought a total of 340,100 shares of company stock valued at $687,082 over the last ninety days. 4.40% of the stock is owned by insiders.

Tuesday Morning Corp. Company Profile

Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.

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Institutional Ownership by Quarter for Tuesday Morning Corp. (NASDAQ:TUES)

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