State Board of Administration of Florida Retirement System continued to hold its position in shares of Tuesday Morning Corp. (NASDAQ:TUES) during the second quarter, Holdings Channel reports. The institutional investor owned 32,307 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.07% of Tuesday Morning Corp. worth $227,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. raised its position in shares of 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 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 in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in Tuesday Morning Corp. during the second quarter worth $138,000. California State Teachers Retirement System raised 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 worth $661,000 after buying an additional 847 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Tuesday Morning Corp. during the second quarter worth $328,000. Institutional investors own 91.11% of the company’s stock.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded up 0.85% during mid-day trading on Tuesday, hitting $5.95. 9,646 shares of the stock were exchanged. The firm has a market cap of $260.60 million, a price-to-earnings ratio of 74.38 and a beta of 1.65. The stock has a 50-day moving average price of $6.15 and a 200 day moving average price of $7.11. Tuesday Morning Corp. has a 52-week low of $5.01 and a 52-week high of $9.23.
Tuesday Morning Corp. (NASDAQ:TUES) last issued its earnings results on Friday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.04. The firm earned $222.80 million during the quarter. Tuesday Morning Corp. had a net margin of 0.39% and a return on equity of 1.64%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) earnings per share. On average, equities research analysts expect that Tuesday Morning Corp. will post $0.09 earnings per share for the current year.
A number of analysts have weighed in on TUES shares. Zacks Investment Research lowered shares of Tuesday Morning Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 13th. B. Riley restated a “neutral” rating and set a $9.00 price objective 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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