Tuesday Morning Co. (TUES) Position Raised by Boston Partners

Boston Partners boosted its holdings in shares of Tuesday Morning Co. (NASDAQ:TUES) by 525.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 869,890 shares of the company’s stock after acquiring an additional 730,726 shares during the quarter. Boston Partners owned 1.90% of Tuesday Morning worth $2,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Tuesday Morning by 144.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 438,191 shares of the company’s stock valued at $833,000 after acquiring an additional 258,932 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Tuesday Morning in the 2nd quarter worth approximately $261,000. AWM Investment Company Inc. increased its position in Tuesday Morning by 1,200.0% in the 2nd quarter. AWM Investment Company Inc. now owns 650,000 shares of the company’s stock worth $1,235,000 after buying an additional 600,000 shares during the period. SG Capital Management LLC bought a new position in Tuesday Morning in the 3rd quarter worth approximately $583,000. Finally, Dimensional Fund Advisors LP increased its position in Tuesday Morning by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,778,397 shares of the company’s stock worth $7,179,000 after buying an additional 153,188 shares during the period. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Several brokerages have commented on TUES. Zacks Investment Research downgraded Tuesday Morning from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. B. Riley reissued a “hold” rating and set a $3.30 price objective on shares of Tuesday Morning in a report on Friday, October 27th. Finally, ValuEngine raised Tuesday Morning from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 16th.

Tuesday Morning Co. (TUES) traded up $0.05 during trading on Thursday, reaching $3.05. The company’s stock had a trading volume of 211,200 shares, compared to its average volume of 264,192. The firm has a market capitalization of $139.81, a price-to-earnings ratio of -3.72 and a beta of 1.70. Tuesday Morning Co. has a one year low of $1.60 and a one year high of $4.13.

Tuesday Morning (NASDAQ:TUES) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $333.81 million for the quarter, compared to analyst estimates of $334.25 million. Tuesday Morning had a negative return on equity of 17.87% and a negative net margin of 3.64%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. sell-side analysts anticipate that Tuesday Morning Co. will post -0.51 earnings per share for the current fiscal year.

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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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