Tuesday Morning Corp. (NASDAQ:TUES) – B. Riley cut their Q3 2017 earnings per share (EPS) estimates for shares of Tuesday Morning Corp. in a report issued on Monday. B. Riley analyst J. Van. Sinderen now forecasts that the brokerage will post earnings of ($0.27) per share for the quarter, down from their prior estimate of ($0.13). B. Riley currently has a “Neutral” rating and a $4.50 price objective on the stock. B. Riley also issued estimates for Tuesday Morning Corp.’s Q4 2017 earnings at ($0.25) EPS, FY2017 earnings at ($0.53) EPS and FY2018 earnings at ($0.01) EPS.
Several other research analysts have also commented on TUES. Zacks Investment Research lowered shares of Tuesday Morning Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 13th. Johnson Rice lowered shares of Tuesday Morning Corp. from an “accumulate” rating to a “hold” rating in a report on Wednesday, January 18th. Finally, TheStreet lowered shares of Tuesday Morning Corp. from a “hold” rating to a “sell” rating in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Tuesday Morning Corp. presently has a consensus rating of “Hold” and a consensus target price of $6.75.
Tuesday Morning Corp. (NASDAQ:TUES) opened at 3.70 on Wednesday. Tuesday Morning Corp. has a one year low of $3.55 and a one year high of $9.23. The firm’s market cap is $162.68 million. The stock has a 50 day moving average of $4.80 and a 200 day moving average of $5.81.
Tuesday Morning Corp. (NASDAQ:TUES) last issued its earnings results on Friday, February 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.18. Tuesday Morning Corp. had a negative net margin of 0.98% and a negative return on equity of 4.20%. The company earned $328.10 million during the quarter, compared to analyst estimates of $327.90 million. During the same quarter in the previous year, the company posted $0.43 EPS.
In other news, Director Terry Lee Burman acquired 24,299 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were bought at an average price of $5.35 per share, for a total transaction of $129,999.65. Following the completion of the purchase, the director now directly owns 167,050 shares of the company’s stock, valued at approximately $893,717.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its stake in Tuesday Morning Corp. by 5.1% in the fourth quarter. Comerica Bank now owns 47,459 shares of the company’s stock worth $254,000 after buying an additional 2,315 shares in the last quarter. Analytic Investors LLC purchased a new stake in Tuesday Morning Corp. during the third quarter worth about $318,000. Citadel Advisors LLC purchased a new stake in Tuesday Morning Corp. during the third quarter worth about $561,000. TD Asset Management Inc. raised its stake in Tuesday Morning Corp. by 23.3% in the third quarter. TD Asset Management Inc. now owns 98,600 shares of the company’s stock worth $590,000 after buying an additional 18,600 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Tuesday Morning Corp. by 21.8% in the third quarter. California Public Employees Retirement System now owns 172,700 shares of the company’s stock worth $1,033,000 after buying an additional 30,900 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.
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.