Tuesday Morning (TUES) Upgraded to Sell at ValuEngine
ValuEngine upgraded shares of Tuesday Morning (NASDAQ:TUES) from a strong sell rating to a sell rating in a research note published on Tuesday.
A number of other research firms also recently commented on TUES. B. Riley reissued a hold rating and set a $3.30 price objective on shares of Tuesday Morning in a report on Friday, October 27th. Zacks Investment Research raised shares of Tuesday Morning from a sell rating to a hold rating in a report on Saturday, January 6th.
Tuesday Morning (NASDAQ:TUES) traded down $0.02 during mid-day trading on Tuesday, reaching $3.20. 184,650 shares of the company were exchanged, compared to its average volume of 237,473. The stock has a market capitalization of $146.69, a P/E ratio of -3.90 and a beta of 1.97. Tuesday Morning has a 52-week low of $1.60 and a 52-week high of $4.55. 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 (NASDAQ:TUES) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The company had revenue of $218.76 million for the quarter, compared to analysts’ expectations of $216.39 million. Tuesday Morning had a negative return on equity of 17.31% and a negative net margin of 3.69%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.20) EPS. analysts predict that Tuesday Morning will post -0.51 earnings per share for the current year.
In other Tuesday Morning news, Director Sherry M. Smith purchased 13,084 shares of Tuesday Morning stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $2.75 per share, with a total value of $35,981.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TUES. Quantitative Investment Management LLC purchased a new stake in shares of Tuesday Morning in the second quarter valued at about $130,000. GSA Capital Partners LLP lifted its holdings in shares of Tuesday Morning by 29.4% in the second quarter. GSA Capital Partners LLP now owns 338,900 shares of the company’s stock valued at $644,000 after purchasing an additional 77,000 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Tuesday Morning by 5.6% in the second quarter. California Public Employees Retirement System now owns 323,000 shares of the company’s stock valued at $614,000 after purchasing an additional 17,000 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Tuesday Morning in the second quarter valued at about $272,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Tuesday Morning by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,778,397 shares of the company’s stock valued at $7,179,000 after purchasing an additional 153,188 shares in the last quarter. 71.23% of the stock is currently owned by institutional investors.
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About Tuesday Morning
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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