Tuesday Morning Co. (NASDAQ:TUES) – Equities researchers at B. Riley issued their Q1 2020 earnings per share (EPS) estimates for shares of Tuesday Morning in a research note issued on Tuesday, August 20th, Zacks Investment Research reports. B. Riley analyst J. Van. Sinderen anticipates that the company will post earnings per share of ($0.17) for the quarter. B. Riley currently has a “Hold” rating and a $2.00 target price on the stock. B. Riley also issued estimates for Tuesday Morning’s Q2 2020 earnings at $0.35 EPS.
Other equities research analysts have also recently issued reports about the stock. Lake Street Capital assumed coverage on shares of Tuesday Morning in a research report on Friday, June 7th. They issued a “buy” rating and a $4.00 price objective on the stock. ValuEngine raised shares of Tuesday Morning from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Tuesday Morning from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Thursday.
Shares of NASDAQ TUES opened at $1.38 on Thursday. The company’s fifty day moving average is $1.54 and its 200-day moving average is $1.89. The stock has a market cap of $67.64 million, a price-to-earnings ratio of -4.93 and a beta of 1.73. Tuesday Morning has a twelve month low of $1.25 and a twelve month high of $3.45. The company has a quick ratio of 0.14, a current ratio of 1.87 and a debt-to-equity ratio of 0.20.
Tuesday Morning (NASDAQ:TUES) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. Tuesday Morning had a negative net margin of 1.24% and a negative return on equity of 6.94%. The business had revenue of $230.53 million during the quarter, compared to analyst estimates of $228.66 million.
Several institutional investors have recently added to or reduced their stakes in TUES. Algert Global LLC grew its position in shares of Tuesday Morning by 111.2% during the 2nd quarter. Algert Global LLC now owns 21,990 shares of the company’s stock worth $37,000 after purchasing an additional 11,580 shares in the last quarter. Menta Capital LLC acquired a new position in shares of Tuesday Morning during the 2nd quarter worth approximately $28,000. Relative Value Partners Group LLC acquired a new position in shares of Tuesday Morning during the 1st quarter worth approximately $43,000. Price T Rowe Associates Inc. MD grew its position in shares of Tuesday Morning by 0.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,549,535 shares of the company’s stock worth $12,759,000 after purchasing an additional 32,600 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Tuesday Morning during the 1st quarter worth approximately $112,000. Institutional investors own 65.18% of the company’s stock.
In other Tuesday Morning news, CEO Steven R. Becker purchased 30,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were purchased at an average cost of $1.50 per share, with a total value of $45,000.00. Following the transaction, the chief executive officer now directly owns 1,640,325 shares of the company’s stock, valued at approximately $2,460,487.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.00% 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.