Tuesday Morning (NASDAQ:TUES) issued its quarterly earnings results on Thursday. The company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04, Morningstar.com reports. The firm had revenue of $230.53 million during the quarter, compared to analysts’ expectations of $228.66 million. Tuesday Morning had a negative net margin of 1.24% and a negative return on equity of 6.94%.

TUES stock opened at $1.43 on Friday. Tuesday Morning has a one year low of $1.25 and a one year high of $3.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.16 and a current ratio of 1.87. The company has a fifty day moving average of $1.58 and a 200-day moving average of $1.92.

In other news, CEO Steven R. Becker bought 30,000 shares of Tuesday Morning stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of $1.50 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer now owns 1,640,325 shares of the company’s stock, valued at $2,460,487.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Steven R. Becker bought 19,030 shares of Tuesday Morning stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average price of $1.51 per share, with a total value of $28,735.30. Following the purchase, the chief executive officer now directly owns 1,630,325 shares in the company, valued at approximately $2,461,790.75. The disclosure for this purchase can be found here. 7.00% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Tuesday Morning by 0.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,549,535 shares of the company’s stock worth $12,759,000 after acquiring an additional 32,600 shares during the period. Vanguard Group Inc. increased its holdings in shares of Tuesday Morning by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,454,502 shares of the company’s stock valued at $4,148,000 after purchasing an additional 190,608 shares in the last quarter. Grace & White Inc. NY increased its holdings in shares of Tuesday Morning by 29.5% in the 2nd quarter. Grace & White Inc. NY now owns 2,361,350 shares of the company’s stock valued at $3,991,000 after purchasing an additional 538,455 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Tuesday Morning by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,254,587 shares of the company’s stock valued at $2,120,000 after purchasing an additional 380,811 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Tuesday Morning by 161.8% in the 2nd quarter. US Bancorp DE now owns 473,169 shares of the company’s stock valued at $800,000 after purchasing an additional 292,463 shares in the last quarter. Institutional investors own 65.18% of the company’s stock.

TUES has been the subject of a number of recent research reports. ValuEngine upgraded shares of Tuesday Morning from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Tuesday Morning from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Lake Street Capital initiated coverage on shares of Tuesday Morning in a research note on Friday, June 7th. They issued a “buy” rating and a $4.00 target price for the company.

Tuesday Morning Company Profile

Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, toys, and seasonal d├ęcor products. As of September 30, 2018, it operated approximately 719 stores in 40 states.

Further Reading: Cost of Capital Explained

Earnings History for Tuesday Morning (NASDAQ:TUES)

Receive News & Ratings for Tuesday Morning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuesday Morning and related companies with MarketBeat.com's FREE daily email newsletter.