Shares of Tuesday Morning Corp. (NASDAQ:TUES) fell 7.3% during trading on Thursday . The stock traded as low as $2.40 and last traded at $2.55. 965,692 shares were traded during trading, an increase of 51% from the average session volume of 641,582 shares. The stock had previously closed at $2.75.

Separately, B. Riley restated a “neutral” rating and set a $2.40 target price on shares of Tuesday Morning Corp. in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $2.90.

The company has a current ratio of 1.70, a quick ratio of 0.12 and a debt-to-equity ratio of 0.23.

Tuesday Morning Corp. (NASDAQ:TUES) last announced its earnings results on Thursday, November 2nd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The company had revenue of $218.76 million for the quarter, compared to analyst estimates of $216.39 million. Tuesday Morning Corp. had a negative return on equity of 17.31% and a negative net margin of 3.69%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) earnings per share. equities research analysts forecast that Tuesday Morning Corp. will post -0.51 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of TUES. Schneider Capital Management Corp raised its holdings in shares of Tuesday Morning Corp. by 1,279.5% in 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. AWM Investment Company Inc. raised its holdings in shares of Tuesday Morning Corp. by 1,200.0% in 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. Grace & White Inc. NY raised its holdings in shares of Tuesday Morning Corp. by 53.9% in the second quarter. Grace & White Inc. NY now owns 1,698,168 shares of the company’s stock valued at $3,227,000 after purchasing an additional 594,619 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Tuesday Morning Corp. by 144.4% in 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. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Tuesday Morning Corp. by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,625,209 shares of the company’s stock valued at $13,595,000 after purchasing an additional 249,080 shares during the last quarter. Institutional investors own 78.77% of the company’s stock.

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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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