Insider Buying: Tuesday Morning Co. (TUES) CEO Purchases 90,100 Shares of Stock
Tuesday Morning Co. (NASDAQ:TUES) CEO Steven R. Becker acquired 90,100 shares of Tuesday Morning stock in a transaction that occurred on Thursday, May 25th. The stock was bought at an average price of $1.82 per share, with a total value of $163,982.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Tuesday Morning Co. (NASDAQ:TUES) traded down 2.78% during trading on Friday, reaching $1.75. 1,751,989 shares of the company’s stock were exchanged. Tuesday Morning Co. has a 52 week low of $1.70 and a 52 week high of $8.11. The firm’s market capitalization is $77.04 million. The company’s 50-day moving average price is $2.76 and its 200 day moving average price is $4.05.
Tuesday Morning (NASDAQ:TUES) last announced its earnings results on Thursday, May 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by $0.07. The company had revenue of $203 million during the quarter, compared to the consensus estimate of $207.10 million. Tuesday Morning had a negative net margin of 0.98% and a negative return on equity of 4.20%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Analysts predict that Tuesday Morning Co. will post ($0.63) EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/05/26/insider-buying-tuesday-morning-co-tues-ceo-purchases-90100-shares-of-stock.html.
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Tuesday Morning by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,625,209 shares of the company’s stock worth $13,595,000 after buying an additional 249,080 shares during the last quarter. Grace & White Inc. NY increased its stake in shares of Tuesday Morning by 62.2% in the first quarter. Grace & White Inc. NY now owns 1,103,549 shares of the company’s stock worth $4,138,000 after buying an additional 423,292 shares during the last quarter. State Street Corp increased its stake in shares of Tuesday Morning by 12.7% in the fourth quarter. State Street Corp now owns 935,805 shares of the company’s stock worth $5,054,000 after buying an additional 105,362 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Tuesday Morning by 145.4% in the fourth quarter. Guggenheim Capital LLC now owns 906,261 shares of the company’s stock worth $4,894,000 after buying an additional 536,934 shares during the last quarter. Finally, Numeric Investors LLC increased its stake in shares of Tuesday Morning by 434.1% in the fourth quarter. Numeric Investors LLC now owns 398,475 shares of the company’s stock worth $2,152,000 after buying an additional 323,875 shares during the last quarter. 88.90% of the stock is owned by institutional investors.
Several brokerages recently commented on TUES. Zacks Investment Research cut shares of Tuesday Morning from a “hold” rating to a “sell” rating in a research note on Tuesday, March 21st. B. Riley reiterated a “neutral” rating and issued a $4.50 price objective on shares of Tuesday Morning in a research note on Monday, February 6th.
About Tuesday Morning
Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.
Receive News & Ratings for Tuesday Morning Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuesday Morning Co. and related companies with MarketBeat.com's FREE daily email newsletter.