Tuesday Morning Co. (NASDAQ:TUES) – B. Riley raised their Q3 2018 earnings per share (EPS) estimates for Tuesday Morning in a research note issued to investors on Tuesday. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of ($0.19) for the quarter, up from their prior forecast of ($0.20). B. Riley has a “Hold” rating and a $3.50 price objective on the stock.

Separately, Zacks Investment Research upgraded Tuesday Morning from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Tuesday Morning has a consensus rating of “Hold” and an average price target of $3.00.

Shares of Tuesday Morning (NASDAQ TUES) traded down $0.05 during trading hours on Thursday, reaching $2.90. The company’s stock had a trading volume of 238,500 shares, compared to its average volume of 167,971. The company has a market capitalization of $132.94, a price-to-earnings ratio of -3.54 and a beta of 1.97. The company has a current ratio of 1.70, a quick ratio of 0.12 and a debt-to-equity ratio of 0.23. 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 quarterly earnings results on Thursday, November 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The firm had revenue of $218.76 million during the quarter, compared to the consensus estimate of $216.39 million. Tuesday Morning had a negative return on equity of 25.45% and a negative net margin of 5.60%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.20) EPS.

Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of Tuesday Morning by 5.6% in the second quarter. California Public Employees Retirement System now owns 323,000 shares of the company’s stock valued at $614,000 after purchasing an additional 17,000 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Tuesday Morning by 281.5% in the third quarter. Wells Fargo & Company MN now owns 36,612 shares of the company’s stock valued at $117,000 after purchasing an additional 27,016 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Tuesday Morning by 8.5% during the third quarter. GSA Capital Partners LLP now owns 367,800 shares of the company’s stock valued at $1,177,000 after acquiring an additional 28,900 shares during the last quarter. Teton Advisors Inc. increased its position in shares of Tuesday Morning by 285.7% during the third quarter. Teton Advisors Inc. now owns 54,000 shares of the company’s stock valued at $173,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Tuesday Morning during the third quarter valued at approximately $143,000. Institutional investors own 71.23% of the company’s stock.

In related news, Director Sherry M. Smith bought 13,084 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $2.75 per share, for a total transaction of $35,981.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.60% of the stock is owned by company insiders.

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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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