Prudential Financial Inc. decreased its position in Tuesday Morning Corp. (NASDAQ:TUES) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,796 shares of the company’s stock after selling 650 shares during the period. Prudential Financial Inc. owned about 0.17% of Tuesday Morning Corp. worth $280,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP purchased a new position in Tuesday Morning Corp. during the fourth quarter worth approximately $113,000. State of Tennessee Treasury Department raised its stake in shares of Tuesday Morning Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,130 shares of the company’s stock worth $154,000 after buying an additional 6,207 shares during the period. Comerica Bank raised its stake in shares of Tuesday Morning Corp. by 4.6% in the first quarter. Comerica Bank now owns 49,661 shares of the company’s stock worth $159,000 after buying an additional 2,202 shares during the period. Alambic Investment Management L.P. bought a new stake in shares of Tuesday Morning Corp. during the first quarter worth about $230,000. Finally, Hapanowicz & Associates Financial Services Inc bought a new stake in shares of Tuesday Morning Corp. during the first quarter worth about $368,000. 92.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded up 4.00% during trading on Tuesday, hitting $1.95. The stock had a trading volume of 642,912 shares. Tuesday Morning Corp. has a 1-year low of $1.60 and a 1-year high of $8.06. The company’s market capitalization is $85.84 million. The firm has a 50 day moving average of $1.85 and a 200 day moving average of $2.87.
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TUES has been the subject of several recent research reports. Zacks Investment Research raised shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Credit Suisse Group cut their price target on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a report on Friday, June 16th. ValuEngine downgraded shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, B. Riley reaffirmed a “neutral” rating and set a $2.60 price objective on shares of Tuesday Morning Corp. in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $3.28.
In related news, CEO Steven R. Becker purchased 90,100 shares of Tuesday Morning Corp. stock in a transaction dated Thursday, May 25th. The stock was bought at an average cost of $1.82 per share, for a total transaction of $163,982.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven R. Becker purchased 100,000 shares of Tuesday Morning Corp. stock in a transaction dated Monday, June 5th. The stock was bought at an average price of $1.73 per share, with a total value of $173,000.00. The disclosure for this purchase can be found here. Insiders have purchased 240,100 shares of company stock valued at $445,082 over the last ninety days. 4.40% of the stock is currently owned by company insiders.
About Tuesday Morning Corp.
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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