Fuller & Thaler Asset Management Inc. lowered its position in shares of Tuesday Morning Co. (NASDAQ:TUES) by 23.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 651,250 shares of the company’s stock after selling 201,650 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Tuesday Morning were worth $1,791,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Boston Partners boosted its position in shares of Tuesday Morning by 525.1% in the 4th quarter. Boston Partners now owns 869,890 shares of the company’s stock valued at $2,392,000 after purchasing an additional 730,726 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Tuesday Morning by 144.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 438,191 shares of the company’s stock valued at $833,000 after purchasing an additional 258,932 shares during the period. SG Capital Management LLC acquired a new position in shares of Tuesday Morning in the 3rd quarter valued at $583,000. Dimensional Fund Advisors LP boosted its position in shares of Tuesday Morning by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,778,397 shares of the company’s stock valued at $7,179,000 after purchasing an additional 153,188 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Tuesday Morning in the 3rd quarter valued at $236,000. 73.00% of the stock is owned by institutional investors and hedge funds.
TUES has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Tuesday Morning from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine upgraded Tuesday Morning from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, B. Riley reiterated a “hold” rating and issued a $3.50 price target on shares of Tuesday Morning in a research report on Tuesday, January 9th.
Tuesday Morning (NASDAQ:TUES) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $333.81 million during the quarter, compared to the consensus estimate of $334.25 million. Tuesday Morning had a negative return on equity of 17.87% and a negative net margin of 3.64%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. research analysts anticipate that Tuesday Morning Co. will post -0.51 EPS for the current fiscal year.
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Tuesday Morning Company Profile
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.
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