Tuesday Morning Corp.’s (TUES) “Hold” Rating Reiterated at B. Riley

Tuesday Morning Corp. (NASDAQ:TUES)‘s stock had its “hold” rating restated by research analysts at B. Riley in a research report issued to clients and investors on Friday. They currently have a $3.30 target price on the stock. B. Riley’s price objective points to a potential upside of 10.00% from the company’s previous close.

Separately, Zacks Investment Research raised shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $2.90.

Tuesday Morning Corp. (NASDAQ TUES) traded up 5.833% during trading on Friday, hitting $3.175. 333,928 shares of the stock were exchanged. Tuesday Morning Corp. has a 12-month low of $1.60 and a 12-month high of $6.05. The firm’s market cap is $139.80 million. The stock’s 50-day moving average price is $2.63 and its 200-day moving average price is $2.27.

Tuesday Morning Corp. (NASDAQ:TUES) last issued its quarterly earnings data on Thursday, August 24th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.09). The business had revenue of $223.60 million for the quarter, compared to the consensus estimate of $225.51 million. Tuesday Morning Corp. had a negative net margin of 3.37% and a negative return on equity of 15.09%. Tuesday Morning Corp.’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) EPS. On average, equities analysts expect that Tuesday Morning Corp. will post ($0.45) EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schneider Capital Management Corp raised its position 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 period. AWM Investment Company Inc. raised its position 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 period. Grace & White Inc. NY raised its position 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 period. Goldman Sachs Group Inc. raised its position 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 period. Finally, Dimensional Fund Advisors LP raised its position 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 period. 78.45% of the stock is currently owned by hedge funds and other institutional investors.

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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