GSA Capital Partners LLP lifted its holdings in shares of Tuesday Morning Corp. (NASDAQ:TUES) by 29.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 338,900 shares of the company’s stock after purchasing an additional 77,000 shares during the period. GSA Capital Partners LLP owned 0.77% of Tuesday Morning Corp. worth $644,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Grace & White Inc. NY raised its stake in Tuesday Morning Corp. by 53.9% during the second quarter. Grace & White Inc. NY now owns 1,698,168 shares of the company’s stock worth $3,227,000 after buying an additional 594,619 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Tuesday Morning Corp. by 7.4% during 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. LMR Partners LLP bought a new position in Tuesday Morning Corp. during the second quarter worth $355,000. Clear Harbor Asset Management LLC bought a new position in Tuesday Morning Corp. during the second quarter worth $185,000. Finally, OppenheimerFunds Inc. raised its stake in Tuesday Morning Corp. by 84.6% during the first quarter. OppenheimerFunds Inc. now owns 201,416 shares of the company’s stock worth $756,000 after buying an additional 92,280 shares during the last quarter. Institutional investors own 78.45% of the company’s stock.
Tuesday Morning Corp. (NASDAQ:TUES) opened at 2.675 on Tuesday. The company’s 50-day moving average is $2.52 and its 200 day moving average is $2.31. The stock’s market capitalization is $117.78 million. Tuesday Morning Corp. has a 12-month low of $1.60 and a 12-month high of $6.13.
Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings data on Thursday, August 24th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.09). The firm had revenue of $223.60 million for the quarter, compared to the consensus estimate of $225.51 million. Tuesday Morning Corp. had a negative net margin of 3.37% and a negative return on equity of 15.09%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. On average, equities research analysts expect that Tuesday Morning Corp. will post ($0.45) earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating and set a $2.40 target price on shares of Tuesday Morning Corp. in a research note on Wednesday, August 30th. Zacks Investment Research raised shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.45.
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Tuesday Morning Corp. Company Profile
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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