Insider Selling: Tuesday Morning Corp. Director Sells 250,000 Shares of Stock (TUES)
Tuesday Morning Corp. (NASDAQ:TUES) Director Steven R. Becker sold 250,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.08, for a total transaction of $4,520,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tuesday Morning Corp. (NASDAQ:TUES) traded down 0.64% during mid-day trading on Friday, hitting $18.51. The stock had a trading volume of 556,498 shares. Tuesday Morning Corp. has a 1-year low of $8.84 and a 1-year high of $18.87. The stock’s 50-day moving average is $14.90 and its 200-day moving average is $14.52. The company’s market cap is $798.2 million.
Tuesday Morning Corp. (NASDAQ:TUES) last announced its earnings results on Thursday, May 8th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.02. The company had revenue of $182.80 million for the quarter, compared to the consensus estimate of $184.86 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Tuesday Morning Corp. will post $0.01 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TUES shares. Analysts at Wolfe Research initiated coverage on shares of Tuesday Morning Corp. in a research note on Thursday, April 24th. They set an “outperform” rating on the stock. Analysts at Credit Suisse raised their price target on shares of Tuesday Morning Corp. from $17.00 to $18.00 in a research note on Thursday, March 13th.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States.