Shares of Tuesday Morning Corp. (NASDAQ:TUES) have earned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $2.55.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. ValuEngine downgraded shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. B. Riley reissued a “neutral” rating and set a $2.60 target price on shares of Tuesday Morning Corp. in a research note on Wednesday, May 10th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $2.50 target price (down previously from $4.50) on shares of Tuesday Morning Corp. in a research note on Friday.

Tuesday Morning Corp. (NASDAQ:TUES) traded down 5.26% on Friday, reaching $1.80. 540,059 shares of the company traded hands. Tuesday Morning Corp. has a 52-week low of $1.60 and a 52-week high of $8.11. The stock has a 50-day moving average of $2.14 and a 200 day moving average of $3.71. The company’s market capitalization is $79.24 million.

Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The business had revenue of $203 million for the quarter, compared to the consensus estimate of $207.10 million. Tuesday Morning Corp. had a negative net margin of 1.97% and a negative return on equity of 8.56%. Tuesday Morning Corp.’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) EPS. On average, equities analysts forecast that Tuesday Morning Corp. will post ($0.63) EPS for the current year.

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In other Tuesday Morning Corp. news, Director Terry Lee Burman acquired 40,000 shares of Tuesday Morning Corp. stock in a transaction dated Wednesday, May 10th. The stock was purchased at an average cost of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the acquisition, the director now directly owns 201,883 shares of the company’s stock, valued at $452,217.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven R. Becker acquired 100,000 shares of Tuesday Morning Corp. stock in a transaction dated Thursday, May 4th. The shares were acquired at an average price of $2.42 per share, with a total value of $242,000.00. The disclosure for this purchase can be found here. Insiders have bought 340,100 shares of company stock valued at $687,082 over the last quarter. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TUES. Bank of America Corp DE boosted its position in shares of Tuesday Morning Corp. by 57.4% in the first quarter. Bank of America Corp DE now owns 93,448 shares of the company’s stock worth $350,000 after buying an additional 34,084 shares in the last quarter. AWM Investment Company Inc. purchased a new position in Tuesday Morning Corp. during the first quarter valued at $187,000. Citadel Advisors LLC boosted its position in Tuesday Morning Corp. by 86.9% in the first quarter. Citadel Advisors LLC now owns 145,768 shares of the company’s stock valued at $547,000 after buying an additional 67,793 shares during the period. Dimensional Fund Advisors LP boosted its position in Tuesday Morning Corp. by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,625,209 shares of the company’s stock valued at $13,595,000 after buying an additional 249,080 shares during the period. Finally, Geode Capital Management LLC boosted its position in Tuesday Morning Corp. by 9.4% in the first quarter. Geode Capital Management LLC now owns 349,704 shares of the company’s stock valued at $1,311,000 after buying an additional 30,036 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

About Tuesday Morning Corp.

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.

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