Boston Partners Buys New Position in Tuesday Morning Corp. (NASDAQ:TUES)

Boston Partners acquired a new stake in shares of Tuesday Morning Corp. (NASDAQ:TUES) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 139,164 shares of the company’s stock, valued at approximately $445,000. Boston Partners owned 0.32% of Tuesday Morning at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Tuesday Morning by 3.6% in the first quarter. Principal Financial Group Inc. now owns 342,506 shares of the company’s stock worth $1,284,000 after buying an additional 11,850 shares during the last quarter. California Public Employees Retirement System grew its position in Tuesday Morning by 5.6% in the second quarter. California Public Employees Retirement System now owns 323,000 shares of the company’s stock worth $614,000 after buying an additional 17,000 shares during the last quarter. TD Asset Management Inc. grew its position in Tuesday Morning by 20.1% in the second quarter. TD Asset Management Inc. now owns 126,200 shares of the company’s stock worth $240,000 after buying an additional 21,100 shares during the last quarter. Geode Capital Management LLC grew its position in Tuesday Morning by 9.4% in the first quarter. Geode Capital Management LLC now owns 349,704 shares of the company’s stock worth $1,311,000 after buying an additional 30,036 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Tuesday Morning by 57.4% in the first quarter. Bank of America Corp DE now owns 93,448 shares of the company’s stock worth $350,000 after buying an additional 34,084 shares during the last quarter. Institutional investors and hedge funds own 71.57% of the company’s stock.

In other news, Director Sherry M. Smith acquired 13,084 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $2.75 per share, with a total value of $35,981.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.60% of the company’s stock.

Tuesday Morning Corp. (TUES) traded up $0.10 during trading on Wednesday, reaching $2.70. 302,682 shares of the company were exchanged, compared to its average volume of 628,047. Tuesday Morning Corp. has a 1 year low of $1.60 and a 1 year high of $6.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 0.12.

Tuesday Morning (NASDAQ:TUES) last posted 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). Tuesday Morning had a negative return on equity of 17.31% and a negative net margin of 3.69%. The firm had revenue of $218.76 million during the quarter, compared to analyst estimates of $216.39 million. During the same period in the prior year, the business posted ($0.20) EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. equities analysts forecast that Tuesday Morning Corp. will post -0.51 EPS for the current year.

Separately, B. Riley restated a “neutral” rating and issued a $2.40 price target (down previously from $2.60) on shares of Tuesday Morning in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $2.90.

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Tuesday Morning 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.

Institutional Ownership by Quarter for Tuesday Morning (NASDAQ:TUES)

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