California State Teachers Retirement System raised its position in Tuesday Morning Corp. (NASDAQ:TUES) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 94,134 shares of the company’s stock after buying an additional 847 shares during the period. California State Teachers Retirement System owned about 0.22% of Tuesday Morning Corp. worth $661,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in TUES. Prudential Financial Inc. raised 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 worth $858,000 after buying an additional 4,100 shares during the last quarter. Spark Investment Management LLC raised 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 worth $2,193,000 after buying an additional 147,900 shares during the last quarter. Geode Capital Management LLC raised its stake in Tuesday Morning Corp. by 4.1% in the first quarter. Geode Capital Management LLC now owns 299,504 shares of the company’s stock worth $2,449,000 after buying an additional 11,768 shares during the last quarter. Arizona State Retirement System raised its stake in Tuesday Morning Corp. by 4.6% in the first quarter. Arizona State Retirement System now owns 22,766 shares of the company’s stock worth $186,000 after buying an additional 1,000 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new stake in Tuesday Morning Corp. during the second quarter worth $138,000. Institutional investors and hedge funds own 92.31% of the company’s stock.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down 1.9517% during trading on Tuesday, hitting $5.8927. The stock had a trading volume of 92,092 shares. The company’s 50 day moving average price is $6.59 and its 200 day moving average price is $7.24. Tuesday Morning Corp. has a 12 month low of $5.01 and a 12 month high of $9.23. The stock has a market cap of $258.09 million, a price-to-earnings ratio of 73.6588 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 the Zacks’ consensus estimate of ($0.13) by $0.04. The firm had revenue of $222.80 million for the quarter. Tuesday Morning Corp. had a return on equity of 1.64% and a net margin of 0.39%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. Equities research analysts expect that Tuesday Morning Corp. will post $0.09 earnings per share for the current fiscal year.
Several equities analysts have recently commented on TUES shares. Zacks Investment Research lowered Tuesday Morning Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 24th. B. Riley restated a “neutral” rating and set a $9.00 price target on shares of Tuesday Morning Corp. in a research note on Saturday, August 27th.
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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