Tuesday Morning (TUES) Hits New 52-Week Low at $2.42

Tuesday Morning Co. (NASDAQ:TUES) hit a new 52-week low during trading on Monday . The stock traded as low as $2.42 and last traded at $2.45, with a volume of 2854 shares. The stock had previously closed at $2.45.

TUES has been the topic of several analyst reports. B. Riley set a $4.00 price target on shares of Tuesday Morning and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. ValuEngine cut shares of Tuesday Morning from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research cut shares of Tuesday Morning from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th.

The company has a current ratio of 1.74, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $114.48 million, a P/E ratio of 4.92 and a beta of 1.29.

Tuesday Morning (NASDAQ:TUES) last issued its quarterly earnings results on Thursday, November 1st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.12. Tuesday Morning had a negative net margin of 1.75% and a negative return on equity of 9.62%. The firm had revenue of $227.31 million for the quarter, compared to analysts’ expectations of $223.39 million. As a group, equities analysts anticipate that Tuesday Morning Co. will post -0.28 EPS for the current year.

Large investors have recently modified their holdings of the business. Hodges Capital Management Inc. lifted its position in Tuesday Morning by 13.3% during the 3rd quarter. Hodges Capital Management Inc. now owns 610,700 shares of the company’s stock worth $1,954,000 after buying an additional 71,500 shares in the last quarter. BlackRock Inc. lifted its position in Tuesday Morning by 2.2% during the 2nd quarter. BlackRock Inc. now owns 858,078 shares of the company’s stock worth $2,617,000 after buying an additional 18,347 shares in the last quarter. B. Riley Financial Inc. bought a new stake in Tuesday Morning during the 2nd quarter worth about $306,000. SG Capital Management LLC raised its holdings in shares of Tuesday Morning by 14.0% in the 3rd quarter. SG Capital Management LLC now owns 153,631 shares of the company’s stock valued at $492,000 after purchasing an additional 18,916 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Tuesday Morning by 167.4% in the 2nd quarter. Royce & Associates LP now owns 1,339,957 shares of the company’s stock valued at $4,087,000 after purchasing an additional 838,807 shares during the period. 73.82% of the stock is currently owned by hedge funds and other institutional investors.

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Tuesday Morning Company Profile (NASDAQ:TUES)

Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, toys, and seasonal décor products. As of September 30, 2018, it operated approximately 719 stores in 40 states.

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