Tuesday Morning (NASDAQ:TUES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Tuesday Morning Corp. is a closeout retailer of upscale home furnishings, gifts and related items in the U.S. They operate their stores during eight annual sales events, while closing them for the remaining weeks of the year. They specialize in first quality, brand name merchandise such as Ralph Lauren bed linens, Waterman pens, Limoges hand-decorated boxes, Steinbach collectible nutcrackers, Steiff stuffed animals, Royal Dalton china and giftware, Farberware cookware, Martex bathtowels, Samsonite luggage, Spode china, Madame Alexander dolls and many others. “

Separately, B. Riley reissued a “hold” rating and issued a $3.30 target price on shares of Tuesday Morning in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Tuesday Morning currently has a consensus rating of “Hold” and a consensus target price of $2.90.

Shares of Tuesday Morning (NASDAQ:TUES) opened at $2.90 on Friday. The stock has a market capitalization of $132.94, a PE ratio of -3.54 and a beta of 1.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 0.12. Tuesday Morning has a 1 year low of $1.60 and a 1 year high of $5.70.

Tuesday Morning (NASDAQ:TUES) last announced its earnings results on Thursday, November 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The firm had revenue of $218.76 million during the quarter, compared to analyst estimates of $216.39 million. Tuesday Morning had a negative net margin of 3.69% and a negative return on equity of 17.31%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned ($0.20) earnings per share. research analysts anticipate that Tuesday Morning will post -0.51 earnings per share for the current year.

In related news, Director Sherry M. Smith acquired 13,084 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $2.75 per share, with a total value of $35,981.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 4.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in Tuesday Morning by 281.5% during the 3rd quarter. Wells Fargo & Company MN now owns 36,612 shares of the company’s stock worth $117,000 after acquiring an additional 27,016 shares during the period. Citadel Advisors LLC acquired a new stake in Tuesday Morning during the 3rd quarter worth approximately $143,000. Teton Advisors Inc. lifted its position in Tuesday Morning by 285.7% during the 3rd quarter. Teton Advisors Inc. now owns 54,000 shares of the company’s stock worth $173,000 after acquiring an additional 40,000 shares during the period. Quantitative Investment Management LLC acquired a new stake in Tuesday Morning during the 2nd quarter worth approximately $130,000. Finally, Russell Investments Group Ltd. acquired a new stake in Tuesday Morning during the 3rd quarter worth approximately $236,000. 71.23% of the stock is owned by institutional investors.

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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.

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