Tuesday Morning Co. (NASDAQ:TUES) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $3.98 and last traded at $3.95, with a volume of 728472 shares changing hands. The stock had previously closed at $3.85.
TUES has been the subject of several research reports. ValuEngine raised Tuesday Morning from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 16th. B. Riley reissued a “hold” rating and set a $3.50 target price on shares of Tuesday Morning in a report on Tuesday, January 9th. Finally, Zacks Investment Research downgraded Tuesday Morning from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th.
The company has a market capitalization of $176.79, a price-to-earnings ratio of -4.70 and a beta of 1.52.
Several institutional investors and hedge funds have recently bought and sold shares of the company. We Are One Seven LLC acquired a new stake in shares of Tuesday Morning during the fourth quarter worth $124,000. Two Sigma Investments LP lifted its holdings in shares of Tuesday Morning by 72.2% during the fourth quarter. Two Sigma Investments LP now owns 259,253 shares of the company’s stock worth $713,000 after buying an additional 108,668 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Tuesday Morning by 77.3% during the fourth quarter. Two Sigma Advisers LP now owns 150,699 shares of the company’s stock worth $414,000 after buying an additional 65,700 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Tuesday Morning during the fourth quarter worth $118,000. Finally, MYDA Advisors LLC acquired a new stake in shares of Tuesday Morning during the fourth quarter worth $110,000. 71.29% of the stock is owned by institutional investors.
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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.
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