ValuEngine upgraded shares of Tuesday Morning (NASDAQ:TUES) from a strong sell rating to a sell rating in a research report report published on Tuesday.

A number of other equities research analysts also recently weighed in on the company. B. Riley reaffirmed a hold rating and set a $3.50 price objective on shares of Tuesday Morning in a report on Tuesday, January 9th. Zacks Investment Research raised Tuesday Morning from a sell rating to a hold rating in a report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Tuesday Morning presently has an average rating of Hold and an average target price of $3.00.

Tuesday Morning (NASDAQ:TUES) traded up $0.05 during mid-day trading on Tuesday, reaching $3.25. The company had a trading volume of 545,400 shares, compared to its average volume of 242,460. Tuesday Morning has a fifty-two week low of $1.60 and a fifty-two week high of $5.70. The firm has a market capitalization of $146.69, a P/E ratio of -3.96 and a beta of 1.97. The company has a current ratio of 1.70, a quick ratio of 0.12 and a debt-to-equity ratio of 0.23.

Tuesday Morning (NASDAQ:TUES) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The company had revenue of $218.76 million for the quarter, compared to analyst estimates of $216.39 million. Tuesday Morning had a negative net margin of 3.69% and a negative return on equity of 17.31%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) earnings per share. research analysts predict that Tuesday Morning will post -0.51 EPS for the current fiscal year.

In related news, Director Sherry M. Smith acquired 13,084 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $2.75 per share, with a total value of $35,981.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TUES. Wells Fargo & Company MN boosted its holdings in Tuesday Morning by 281.5% during the third quarter. Wells Fargo & Company MN now owns 36,612 shares of the company’s stock valued at $117,000 after purchasing an additional 27,016 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Tuesday Morning in the 2nd quarter worth approximately $130,000. Citadel Advisors LLC acquired a new position in shares of Tuesday Morning in the 3rd quarter worth approximately $143,000. Teton Advisors Inc. boosted its holdings in shares of Tuesday Morning by 285.7% in the 3rd quarter. Teton Advisors Inc. now owns 54,000 shares of the company’s stock worth $173,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Tuesday Morning in the 3rd quarter worth approximately $236,000. 71.23% of the stock is currently 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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