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 restated a neutral rating and issued a $9.00 price target on shares of Tuesday Morning Corp. in a research report on Saturday, August 27th.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down 1.81% during midday trading on Thursday, hitting $5.98. 13,971 shares of the stock were exchanged. The firm’s 50-day moving average is $6.22 and its 200 day moving average is $7.15. Tuesday Morning Corp. has a 52-week low of $5.01 and a 52-week high of $9.23. The firm has a market cap of $261.91 million, a PE ratio of 74.75 and a beta of 1.65.
Tuesday Morning Corp. (NASDAQ:TUES) last issued its quarterly earnings results on Friday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The company earned $222.80 million during the quarter. Tuesday Morning Corp. had a return on equity of 1.64% and a net margin of 0.39%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) earnings per share. On average, analysts forecast that Tuesday Morning Corp. will post $0.09 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Tuesday Morning Corp. by 0.9% in the second quarter. California State Teachers Retirement System now owns 94,134 shares of the company’s stock valued at $661,000 after buying an additional 847 shares during the period. Prudential Financial Inc. increased its stake in Tuesday Morning Corp. by 4.1% in the first quarter. Prudential Financial Inc. now owns 104,926 shares of the company’s stock valued at $858,000 after buying an additional 4,100 shares during the period. Spark Investment Management LLC increased its stake in Tuesday Morning Corp. by 123.0% in the first quarter. Spark Investment Management LLC now owns 268,100 shares of the company’s stock valued at $2,193,000 after buying an additional 147,900 shares during the period. GSA Capital Partners LLP increased its stake in Tuesday Morning Corp. by 27.8% in the second quarter. GSA Capital Partners LLP now owns 86,407 shares of the company’s stock valued at $607,000 after buying an additional 18,807 shares during the period. Finally, Elk Creek Partners LLC increased its stake in Tuesday Morning Corp. by 3.8% in the second quarter. Elk Creek Partners LLC now owns 1,973,462 shares of the company’s stock valued at $13,854,000 after buying an additional 72,213 shares during the period. Institutional investors and hedge funds own 92.31% of the company’s stock.
About Tuesday Morning Corp.
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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