Lake Street Capital initiated coverage on shares of Tuesday Morning (NASDAQ:TUES) in a report released on Friday morning, Briefing.com Automated Import reports. The firm issued a buy rating and a $4.00 target price on the stock.
A number of other equities research analysts have also weighed in on TUES. Zacks Investment Research lowered shares of Tuesday Morning from a hold rating to a sell rating in a report on Thursday, May 9th. B. Riley lowered shares of Tuesday Morning from a buy rating to a neutral rating and lowered their price objective for the stock from $3.00 to $2.40 in a report on Thursday, April 11th. Finally, ValuEngine lowered shares of Tuesday Morning from a hold rating to a sell rating in a report on Wednesday, May 8th.
Shares of TUES opened at $1.55 on Friday. The company has a market capitalization of $72.40 million, a PE ratio of 3.10 and a beta of 1.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.00 and a quick ratio of 0.16. Tuesday Morning has a fifty-two week low of $1.46 and a fifty-two week high of $3.55.
Tuesday Morning (NASDAQ:TUES) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.07. The firm had revenue of $210.98 million during the quarter, compared to analyst estimates of $213.83 million. Tuesday Morning had a negative net margin of 1.06% and a negative return on equity of 5.89%. Equities research analysts expect that Tuesday Morning will post -0.32 earnings per share for the current year.
In other news, CEO Steven R. Becker purchased 180,100 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $1.74 per share, for a total transaction of $313,374.00. Following the acquisition, the chief executive officer now directly owns 1,571,295 shares of the company’s stock, valued at approximately $2,734,053.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven R. Becker purchased 25,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were purchased at an average price of $1.62 per share, with a total value of $40,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,611,295 shares in the company, valued at $2,610,297.90. The disclosure for this purchase can be found here. Insiders have purchased a total of 259,130 shares of company stock valued at $435,859 over the last quarter. 7.00% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Grace & White Inc. NY raised its holdings in Tuesday Morning by 0.5% during the 1st quarter. Grace & White Inc. NY now owns 1,822,895 shares of the company’s stock valued at $3,865,000 after buying an additional 9,109 shares during the last quarter. Royce & Associates LP raised its holdings in Tuesday Morning by 4.3% in the 4th quarter. Royce & Associates LP now owns 1,504,857 shares of the company’s stock worth $2,558,000 after purchasing an additional 62,500 shares in the last quarter. BlackRock Inc. raised its holdings in Tuesday Morning by 9.7% in the 1st quarter. BlackRock Inc. now owns 947,320 shares of the company’s stock worth $2,009,000 after purchasing an additional 83,627 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Tuesday Morning by 101.7% in the 1st quarter. Renaissance Technologies LLC now owns 873,776 shares of the company’s stock worth $1,852,000 after purchasing an additional 440,478 shares in the last quarter. Finally, 1060 Capital LLC bought a new position in Tuesday Morning in the 4th quarter worth $1,122,000. Institutional investors own 63.94% of the company’s stock.
About Tuesday Morning
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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