Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded up 1.9% on Tuesday . The stock traded as high as $2.75 and last traded at $2.65. 99,822 shares changed hands during trading, a decline of 82% from the average session volume of 563,383 shares. The stock had previously closed at $2.60.

Several analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating and set a $2.40 price objective on shares of Tuesday Morning Corp. in a research report on Wednesday, August 30th. Credit Suisse Group lowered their price objective on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating on the stock in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. 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. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Tuesday Morning Corp. has a consensus rating of “Hold” and an average target price of $3.22.

The company has a 50-day moving average price of $2.01 and a 200 day moving average price of $2.40. The firm’s market cap is $118.88 million.

Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings data on Thursday, August 24th. The company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.09). Tuesday Morning Corp. had a negative net margin of 3.37% and a negative return on equity of 15.09%. The business had revenue of $223.60 million for the quarter, compared to the consensus estimate of $225.51 million. During the same quarter last year, the business earned ($0.09) EPS. Tuesday Morning Corp.’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts forecast that Tuesday Morning Corp. will post ($0.45) earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. AWM Investment Company Inc. lifted its position in Tuesday Morning Corp. by 1,200.0% during the second quarter. AWM Investment Company Inc. now owns 650,000 shares of the company’s stock valued at $1,235,000 after purchasing an additional 600,000 shares during the last quarter. Schneider Capital Management Corp lifted its position in Tuesday Morning Corp. by 1,279.5% during the second quarter. Schneider Capital Management Corp now owns 1,084,936 shares of the company’s stock valued at $2,061,000 after purchasing an additional 1,006,288 shares during the last quarter. Susquehanna International Group LLP lifted its position in Tuesday Morning Corp. by 4,981.4% during the second quarter. Susquehanna International Group LLP now owns 126,916 shares of the company’s stock valued at $241,000 after purchasing an additional 129,516 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Tuesday Morning Corp. during the second quarter valued at $261,000. Finally, Goldman Sachs Group Inc. lifted its position in Tuesday Morning Corp. by 144.4% during the second quarter. Goldman Sachs Group Inc. now owns 438,191 shares of the company’s stock valued at $833,000 after purchasing an additional 258,932 shares during the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

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About Tuesday Morning Corp.

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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