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 reiterated a neutral rating and issued a $9.00 price objective on shares of Tuesday Morning Corp. in a research report on Monday, August 22nd.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) opened at 5.90 on Thursday. The firm has a market capitalization of $258.41 million, a PE ratio of 73.75 and a beta of 1.65. The firm’s 50 day moving average is $6.15 and its 200-day moving average is $7.11. Tuesday Morning Corp. has a 12 month low of $5.01 and a 12 month high of $9.23.
Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings data on Friday, August 19th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. Tuesday Morning Corp. had a net margin of 0.39% and a return on equity of 1.64%. The business had revenue of $222.80 million for the quarter. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. Tuesday Morning Corp.’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts expect that Tuesday Morning Corp. will post $0.09 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC raised 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 during the period. JPMorgan Chase & Co. purchased a new position in Tuesday Morning Corp. during the second quarter worth about $110,000. Franklin Street Advisors Inc. NC purchased a new position in Tuesday Morning Corp. during the second quarter worth about $138,000. BlackRock Advisors LLC raised its position in Tuesday Morning Corp. by 3.2% in the second quarter. BlackRock Advisors LLC now owns 19,974 shares of the company’s stock worth $140,000 after buying an additional 621 shares during the period. Finally, Arizona State Retirement System raised 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 during the period. Institutional investors own 91.11% of the company’s stock.
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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