Tuesday Morning Corp. (TUES) Director Acquires $129,999.65 in Stock
Tuesday Morning Corp. (NASDAQ:TUES) Director Terry Lee Burman purchased 24,299 shares of the stock in a transaction dated Wednesday, November 16th. The stock was purchased at an average cost of $5.35 per share, for a total transaction of $129,999.65. Following the completion of the acquisition, the director now owns 167,050 shares of the company’s stock, valued at approximately $893,717.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Terry Lee Burman also recently made the following trade(s):
- On Monday, October 31st, Terry Lee Burman acquired 40,000 shares of Tuesday Morning Corp. stock. The stock was bought at an average price of $4.94 per share, for a total transaction of $197,600.00.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down 0.96% on Friday, reaching $5.15. 235,365 shares of the company’s stock were exchanged. The firm has a market cap of $225.68 million, a PE ratio of 271.05 and a beta of 2.01. Tuesday Morning Corp. has a one year low of $4.40 and a one year high of $9.23. The company has a 50 day moving average price of $5.52 and a 200 day moving average price of $6.64.
Tuesday Morning Corp. (NASDAQ:TUES) last posted its quarterly earnings data on Thursday, October 27th. The company reported ($0.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.01. Tuesday Morning Corp. had a return on equity of 0.44% and a net margin of 0.10%. The firm had revenue of $211.89 million for the quarter, compared to analysts’ expectations of $214.86 million. During the same period in the previous year, the firm earned ($0.14) EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Tuesday Morning Corp. will post ($0.02) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Profund Advisors LLC boosted its position in Tuesday Morning Corp. by 10.5% in the second quarter. Profund Advisors LLC now owns 15,214 shares of the company’s stock worth $107,000 after buying an additional 1,440 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Tuesday Morning Corp. during the second quarter worth approximately $110,000. Franklin Street Advisors Inc. NC acquired a new position in Tuesday Morning Corp. during the second quarter worth approximately $138,000. BlackRock Advisors LLC boosted its position in Tuesday Morning Corp. by 15.5% in the third quarter. BlackRock Advisors LLC now owns 23,069 shares of the company’s stock worth $138,000 after buying an additional 3,095 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Tuesday Morning Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 23,166 shares of the company’s stock worth $163,000 after buying an additional 400 shares in the last quarter. 91.18% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $6.50 price objective on shares of Tuesday Morning Corp. in a research report on Friday, October 28th. Zacks Investment Research cut shares of Tuesday Morning Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Finally, TheStreet cut shares of Tuesday Morning Corp. from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Tuesday Morning Corp. currently has a consensus rating of “Hold” and a consensus target price of $7.59.
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.
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