The stock of Tuesday Morning Corporation (NASDAQ:TUES) hit a new 52-week low and has $4.00 target or 14.00% below today’s $4.65 share price. The 5 months bearish chart indicates high risk for the $199.07M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $4.00 price target is reached, the company will be worth $27.87M 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. The stock decreased 1.06% or $0.05 during the last trading session, hitting $4.65. About 352,149 shares traded hands or 63.22% up from the average. Tuesday Morning Corporation (NASDAQ:TUES) has declined 42.54% since March 31, 2016 and is downtrending. It has underperformed by 45.07% 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 Tuesday Morning Corporation (NASDAQ:TUES) rating on Monday, August 24. Stifel Nicolaus has “Buy” rating and $9 price target. Stifel Nicolaus maintained the shares of TUES in a report on Monday, May 2 with “Buy” rating. The stock of Tuesday Morning Corporation (NASDAQ:TUES) earned “Hold” rating by Zacks on Friday, August 21. As per Tuesday, January 26, the company rating was initiated by B. Riley & Co. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”.
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 Q2 2016. Its down 0.19, from 1.31 in 2016Q1. The ratio dived, 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.
Metropolitan Life Insurance Ny last reported 32,204 shares in the company. Fuller Thaler Asset Mgmt holds 0.03% of its portfolio in Tuesday Morning Corporation (NASDAQ:TUES) for 235,400 shares. Moreover, Goldman Sachs Gp has 0% invested in Tuesday Morning Corporation (NASDAQ:TUES) for 13,019 shares. Moreover, Mycio Wealth Partners Lc has 0% invested in Tuesday Morning Corporation (NASDAQ:TUES) for 1,000 shares. Moreover, Employees Retirement Association Of Colorado has 0% invested in Tuesday Morning Corporation (NASDAQ:TUES) for 18,754 shares. Wells Fargo & Mn last reported 0% of its portfolio in the stock. D E Shaw Company reported 396,901 shares or 0.01% of all its holdings. Axa accumulated 0% or 12,000 shares. Advsrs Asset Management has 6,045 shares for 0% of their US portfolio. Gsa Cap Prtn Limited Liability Partnership accumulated 86,407 shares or 0.03% of the stock. Winslow Evans & Crocker reported 2,700 shares or 0% of all its holdings. Nationwide Fund accumulated 30,425 shares or 0% of the stock. Franklin Street Advsrs Incorporated Nc has invested 0.03% of its portfolio in Tuesday Morning Corporation (NASDAQ:TUES). Louisiana State Employees Retirement Sys last reported 19,700 shares in the company. Invesco, a Georgia-based fund reported 115,438 shares.
Insider Transactions: Since September 6, 2016, the stock had 0 insider purchases, and 1 sale for $4,310 net activity. Shares for $4,310 were sold by Hixon Phillip D..
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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