Tuesday Morning (TUES) Rating Increased to Sell at ValuEngine

Tuesday Morning (NASDAQ:TUES) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.

TUES has been the subject of a number of other research reports. Zacks Investment Research raised shares of Tuesday Morning from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. B. Riley reissued a “hold” rating and issued a $3.50 price objective on shares of Tuesday Morning in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $3.00.

Shares of Tuesday Morning (NASDAQ:TUES) traded up $0.05 on Tuesday, hitting $3.25. 545,401 shares of the company were exchanged, compared to its average volume of 242,460. 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 has a 12-month low of $1.60 and a 12-month high of $5.70. The stock has a market capitalization of $146.69, a price-to-earnings ratio of -3.96 and a beta of 1.97.

Tuesday Morning (NASDAQ:TUES) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.08). Tuesday Morning had a negative net margin of 3.69% and a negative return on equity of 17.31%. The firm had revenue of $218.76 million during the quarter, compared to analysts’ expectations of $216.39 million. During the same period in the prior year, the company posted ($0.20) EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts anticipate that Tuesday Morning will post -0.51 EPS for the current year.

In related news, Director Sherry M. Smith bought 13,084 shares of the firm’s 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in Tuesday Morning by 281.5% in the third quarter. Wells Fargo & Company MN now owns 36,612 shares of the company’s stock valued at $117,000 after buying an additional 27,016 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in Tuesday Morning in the second quarter valued at about $130,000. Citadel Advisors LLC acquired a new position in Tuesday Morning in the third quarter valued at about $143,000. Teton Advisors Inc. lifted its position in Tuesday Morning by 285.7% in the third quarter. Teton Advisors Inc. now owns 54,000 shares of the company’s stock valued at $173,000 after buying an additional 40,000 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Tuesday Morning in the third quarter valued at about $236,000. 71.23% of the stock is currently owned by institutional investors.

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Tuesday Morning 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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