The stock of Tuesday Morning Corporation (NASDAQ:TUES) hit a new 52-week low and has $4.27 target or 14.00% below today’s $4.97 share price. The 9 months bearish chart indicates high risk for the $216.20M company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $4.27 price target is reached, the company will be worth $30.27 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 415,596 shares traded hands or 120.80% up from the average. Tuesday Morning Corporation (NASDAQ:TUES) has declined 31.88% since March 28, 2016 and is downtrending. It has underperformed by 36.59% the S&P500.
Tuesday Morning Corporation (NASDAQ:TUES) Ratings Coverage
Out of 2 analysts covering Tuesday Morning (NASDAQ:TUES), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Tuesday Morning has been the topic of 5 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded the stock to “Buy” rating in Monday, August 24 report. Zacks downgraded the shares of TUES in a report on Wednesday, August 26 to “Buy” rating. The firm has “Neutral” rating given on Tuesday, January 26 by B. Riley & Co. The rating was maintained by Stifel Nicolaus on Monday, May 2 with “Buy”. The firm earned “Hold” rating on Friday, August 21 by Zacks.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.19, from 1.31 in 2016Q1. The ratio dropped, as 9 funds sold all Tuesday Morning Corporation shares owned while 34 reduced positions. 11 funds bought stakes while 37 increased positions. They now own 40.96 million shares or 1.14% more from 40.50 million shares in 2016Q1.
Wells Fargo Mn has 0% invested in the company for 18,742 shares. Creative Planning reported 500 shares or 0% of all its holdings. Stoneridge Invest Partners Ltd Liability owns 33,354 shares or 0.03% of their US portfolio. Comerica Bank has 0% invested in the company for 44,408 shares. Comml Bank Of America Corporation De last reported 25,771 shares in the company. The New York-based New York State Teachers Retirement Sys has invested 0% in Tuesday Morning Corporation (NASDAQ:TUES). Morgan Stanley holds 0% of its portfolio in Tuesday Morning Corporation (NASDAQ:TUES) for 67,957 shares. Legal General Grp Inc Pcl, a United Kingdom-based fund reported 6,940 shares. Spark Mngmt Limited Com reported 223,400 shares or 0.15% of all its holdings. The Texas-based Teacher Retirement Of Texas has invested 0% in Tuesday Morning Corporation (NASDAQ:TUES). State Board Of Administration Of Florida Retirement Systems last reported 0% of its portfolio in the stock. Teachers Retirement Systems Of The State Of Kentucky holds 10,700 shares or 0% of its portfolio. Jpmorgan Chase accumulated 15,648 shares or 0% of the stock. Cornerstone Cap Ltd has 0.01% invested in the company for 107,900 shares. The Massachusetts-based Adage Cap Prtn Ltd Liability has invested 0.04% in Tuesday Morning Corporation (NASDAQ:TUES).
Insider Transactions: Since September 6, 2016, the stock had 0 insider purchases, and 1 insider sale for $4,310 net activity. $4,310 worth of Tuesday Morning Corporation (NASDAQ:TUES) shares were sold by Hixon Phillip D..
More news for Tuesday Morning Corporation (NASDAQ:TUES) were recently published by: Globenewswire.com, which released: “Tuesday Morning Corporation Announces First Quarter Fiscal 2017 Results” on October 27, 2016. Reuters.com‘s article titled: “BRIEF-Tuesday Morning Corp reports Q1 loss per share $0.20” and published on October 27, 2016 is yet another important article.
TUES Company Profile
Tuesday Morning Corporation, incorporated on August 26, 1991, is an off-price retailer. The Firm specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Firm operated 751 stores in 40 states in the United States, as of June 30, 2016.
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