Tuesday Morning Corp. (NASDAQ:TUES) has received an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $2.55.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. B. Riley reaffirmed a “neutral” rating and set a $2.60 price objective on shares of Tuesday Morning Corp. in a research report on Friday, May 5th. Credit Suisse Group reduced their price objective on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a research report on Friday, June 16th. Finally, ValuEngine cut shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.

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Tuesday Morning Corp. (NASDAQ TUES) traded up 1.33% during trading on Friday, reaching $1.90. 594,663 shares of the company traded hands. The company’s market cap is $83.64 million. The company’s 50-day moving average is $1.85 and its 200 day moving average is $2.89. Tuesday Morning Corp. has a 12 month low of $1.60 and a 12 month high of $8.06.

In other Tuesday Morning Corp. news, CEO Steven R. Becker bought 100,000 shares of Tuesday Morning Corp. stock in a transaction dated Monday, June 5th. The stock was bought at an average price of $1.73 per share, with a total value of $173,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Terry Lee Burman bought 40,000 shares of Tuesday Morning Corp. stock in a transaction dated Wednesday, May 10th. The stock was acquired at an average cost of $2.24 per share, with a total value of $89,600.00. Following the transaction, the director now owns 201,883 shares of the company’s stock, valued at approximately $452,217.92. The disclosure for this purchase can be found here. In the last three months, insiders bought 240,100 shares of company stock valued at $445,082. 4.40% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. acquired a new stake in shares of Tuesday Morning Corp. during the first quarter worth about $230,000. 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 last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Tuesday Morning Corp. by 76.9% in the first quarter. Parametric Portfolio Associates LLC now owns 198,185 shares of the company’s stock worth $743,000 after buying an additional 86,178 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Tuesday Morning Corp. by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 238,717 shares of the company’s stock worth $899,000 after buying an additional 12,125 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Tuesday Morning Corp. by 4.6% in the first quarter. Comerica Bank now owns 49,661 shares of the company’s stock worth $159,000 after buying an additional 2,202 shares during the last quarter. 92.72% of the stock is owned by institutional investors.

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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