Tuesday Morning Co. (TUES) Trimmed to Strong Sell at ValuEngine

Tuesday Morning Co. (TUES) Trimmed to Strong Sell at ValuEngine

Tuesday Morning Co. (NASDAQ:TUES) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.

Several other research analysts have also recently weighed in on TUES. B. Riley restated a “neutral” rating and set a $2.60 target price on shares of Tuesday Morning in a report on Wednesday, May 10th. Zacks Investment Research upgraded Tuesday Morning from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Tuesday Morning has a consensus rating of “Sell” and an average target price of $3.68.

Shares of Tuesday Morning (NASDAQ TUES) traded up 3.12% during trading on Friday, reaching $1.65. The company had a trading volume of 1,526,246 shares. The company’s market capitalization is $72.64 million. The stock’s 50-day moving average price is $2.52 and its 200-day moving average price is $3.94. Tuesday Morning has a 52 week low of $1.60 and a 52 week high of $8.11.

Tuesday Morning (NASDAQ:TUES) last posted its quarterly earnings data on Thursday, May 4th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. Tuesday Morning had a negative return on equity of 4.20% and a negative net margin of 0.98%. The firm had revenue of $203 million for the quarter, compared to analysts’ expectations of $207.10 million. During the same quarter last year, the firm posted ($0.12) earnings per share. Tuesday Morning’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts expect that Tuesday Morning will post ($0.63) EPS for the current fiscal year.

In other Tuesday Morning news, Director Terry Lee Burman acquired 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average cost of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the acquisition, the director now owns 201,883 shares of the company’s stock, valued at approximately $452,217.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven R. Becker acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was acquired at an average price of $2.42 per share, for a total transaction of $242,000.00. The disclosure for this purchase can be found here. Insiders purchased 240,100 shares of company stock worth $514,082 over the last quarter. 4.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Analytic Investors LLC acquired a new position in Tuesday Morning during the third quarter worth approximately $318,000. Comerica Bank boosted its position in Tuesday Morning 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. State Street Corp raised its stake in shares of Tuesday Morning by 12.7% in the fourth quarter. State Street Corp now owns 935,805 shares of the company’s stock worth $5,054,000 after buying an additional 105,362 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Tuesday Morning during the fourth quarter worth about $232,000. Finally, GSA Capital Partners LLP raised its stake in shares of Tuesday Morning by 23.2% in the fourth quarter. GSA Capital Partners LLP now owns 208,558 shares of the company’s stock worth $1,126,000 after buying an additional 39,299 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TUES”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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