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.

TRADEMARK VIOLATION WARNING: “Tuesday Morning (TUES) Upgraded to Sell at ValuEngine” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2018/01/19/tuesday-morning-tues-upgraded-to-sell-at-valuengine.html.

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.

Receive News & Ratings for Tuesday Morning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuesday Morning and related companies with MarketBeat.com's FREE daily email newsletter.