Zacks Investment Research lowered shares of Tuesday Morning Corp. (NASDAQ:TUES) from a hold rating to a sell rating in a report released on Thursday morning.

According to Zacks, “Tuesday Morning Corp. is a closeout retailer of upscale home furnishings, gifts and related items in the U.S. They operate their stores during eight annual sales events, while closing them for the remaining weeks of the year. They specialize in first quality, brand name merchandise such as Ralph Lauren bed linens, Waterman pens, Limoges hand-decorated boxes, Steinbach collectible nutcrackers, Steiff stuffed animals, Royal Dalton china and giftware, Farberware cookware, Martex bathtowels, Samsonite luggage, Spode china, Madame Alexander dolls and many others. “

Separately, B. Riley reiterated a neutral rating and set a $9.00 target price on shares of Tuesday Morning Corp. in a research report on Monday, August 22nd.

Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down 1.81% during trading on Thursday, reaching $5.98. 13,971 shares of the company’s stock were exchanged. Tuesday Morning Corp. has a 52-week low of $5.01 and a 52-week high of $9.23. The stock has a market cap of $261.91 million, a PE ratio of 74.75 and a beta of 1.65. The stock’s 50 day moving average price is $6.22 and its 200-day moving average price is $7.15.

Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings data on Friday, August 19th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Tuesday Morning Corp. had a net margin of 0.39% and a return on equity of 1.64%. The company earned $222.80 million during the quarter. During the same quarter last year, the business posted ($0.10) earnings per share. Tuesday Morning Corp.’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Tuesday Morning Corp. will post $0.09 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Tuesday Morning Corp. by 3.1% in the second quarter. Principal Financial Group Inc. now owns 313,435 shares of the company’s stock valued at $2,200,000 after buying an additional 9,475 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Tuesday Morning Corp. by 1.4% in the second quarter. Prudential Financial Inc. now owns 106,386 shares of the company’s stock worth $747,000 after buying an additional 1,460 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Tuesday Morning Corp. by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,234,087 shares of the company’s stock worth $22,703,000 after buying an additional 504,461 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Tuesday Morning Corp. by 8.4% in the second quarter. Nationwide Fund Advisors now owns 30,425 shares of the company’s stock worth $214,000 after buying an additional 2,364 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Tuesday Morning Corp. during the second quarter worth $110,000. Institutional investors and hedge funds own 92.31% of the company’s stock.

Tuesday Morning Corp. Company Profile

Tuesday Morning Corporation, is a merchandise and retail company. The Company is a retailer of off-price, upscale decorative home accessories, housewares, seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings, housewares, gifts and other related items.

5 Day Chart for NASDAQ:TUES

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