Tuesday Morning Corporation (TUES) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $9 . Stifel advised their investors in a research report released on May 2, 2016.
On the company’s financial health, Tuesday Morning Corporation reported $-0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.11. The company had revenue of $211.40 million for the quarter, compared to analysts expectations of $197.81 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.
Tuesday Morning Corporation opened for trading at $8.67 and hit $8.94 on the upside on Wednesday, eventually ending the session at $8.92, with a gain of 2.53% or 0.22 points. The heightened volatility saw the trading volume jump to 3,65,486 shares. Company has a market cap of $396 M.
In a different news, on Jan 22, 2016, Steven R Becker (CEO) purchased 86,820 shares at $5.06 per share price. According to the SEC, on Nov 16, 2015, Terry Lee Burman (director) purchased 60,000 shares at $5.52 per share price. On Nov 12, 2015, Frank M. Hamlin (director) purchased 7,850 shares at $6.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Tuesday Morning Corporation is a merchandise and retail company. The Company is a retailer of off-price upscale decorative home accessories housewares seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings housewares gifts and other related items. The Companys merchandise primarily consists of home decor furniture bed and bath kitchen electrics luggage toys crafts pets and seasonal goods. The Company focuses on merchandise including cookware kitchen appliances linens accessories luggage tabletop crystal and fans. The Company provides outlet for manufacturers and other sources looking for ways to reduce excess inventory resulting from order cancellations by retailers manufacturing overruns bankruptcies and excess capacity. The Company utilizes a mix of both domestic and international suppliers.