Shares of Tuesday Morning Corp. (NASDAQ:TUES) have earned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $2.55.

Several equities analysts have recently issued reports on TUES shares. Zacks Investment Research lowered Tuesday Morning Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Credit Suisse Group decreased their price objective on Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a research report on Friday, June 16th. ValuEngine lowered Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Finally, B. Riley reiterated a “neutral” rating and issued a $2.60 price objective on shares of Tuesday Morning Corp. in a research report on Friday, May 5th.

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Tuesday Morning Corp. (TUES) traded up 2.78% during trading on Tuesday, hitting $1.85. 166,444 shares of the stock traded hands. Tuesday Morning Corp. has a 52 week low of $1.60 and a 52 week high of $8.11. The firm’s 50-day moving average is $1.90 and its 200 day moving average is $3.48. The stock’s market cap is $81.44 million.

Tuesday Morning Corp. (NASDAQ:TUES) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The firm had revenue of $203 million for the quarter, compared to the consensus estimate of $207.10 million. Tuesday Morning Corp. had a negative return on equity of 8.56% and a negative net margin of 1.97%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) earnings per share. Equities research analysts forecast that Tuesday Morning Corp. will post ($0.63) earnings per share for the current fiscal year.

In other news, Director Terry Lee Burman bought 40,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was purchased at an average cost of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the transaction, the director now owns 201,883 shares of the company’s stock, valued at $452,217.92. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Steven R. Becker bought 90,100 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was purchased at an average price of $1.82 per share, with a total value of $163,982.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 340,100 shares of company stock worth $687,082. Company insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TUES. State of Tennessee Treasury Department boosted its position in shares of Tuesday Morning Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,130 shares of the company’s stock valued at $154,000 after buying an additional 6,207 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Tuesday Morning Corp. by 76.9% in the first quarter. Parametric Portfolio Associates LLC now owns 198,185 shares of the company’s stock valued at $743,000 after buying an additional 86,178 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Tuesday Morning Corp. by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 238,717 shares of the company’s stock worth $899,000 after buying an additional 12,125 shares during the period. Comerica Bank raised its stake in shares of Tuesday Morning Corp. by 4.6% in the first quarter. Comerica Bank now owns 49,661 shares of the company’s stock worth $159,000 after buying an additional 2,202 shares during the period. Finally, US Bancorp DE acquired a new stake in shares of Tuesday Morning Corp. during the first quarter worth approximately $766,000. 92.32% of the stock is currently owned by institutional investors.

About Tuesday Morning Corp.

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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