Tuesday Morning Corp. Lowered to Neutral at Zacks (TUES)
Tuesday Morning Corp. (NASDAQ:TUES) was downgraded by Zacks to a “neutral” rating in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a $14.40 price target on the stock. Zacks‘ target price would suggest a potential upside of 5.19% from the stock’s previous close.
Tuesday Morning Corp. (NASDAQ:TUES) traded up 2.12% during mid-day trading on Friday, hitting $13.98. 174,697 shares of the company’s stock traded hands. Tuesday Morning Corp. has a one year low of $4.82 and a one year high of $14.39. The stock’s 50-day moving average is $12.08 and its 200-day moving average is $9.73. The company’s market cap is $594.5 million.
Tuesday Morning Corp. (NASDAQ:TUES) last released its earnings data on Tuesday, August 20th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $202.10 million for the quarter, compared to the consensus estimate of $202.10 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Tuesday Morning Corp. will post $0.35 EPS for the current fiscal year.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Tuesday Morning Corp. (NASDAQ:TUES) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th.
In other Tuesday Morning Corp. news, CEO R Michael Rouleau bought 5,000 shares of Tuesday Morning Corp. stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $12.44 per share, with a total value of $62,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States.
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