Principal Financial Group Inc. increased its stake in shares of Tuesday Morning Corp. (NASDAQ:TUES) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 342,506 shares of the company’s stock after buying an additional 11,850 shares during the period. Principal Financial Group Inc. owned 0.78% of Tuesday Morning Corp. worth $1,284,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Two Sigma Investments LP bought a new position in Tuesday Morning Corp. during the fourth quarter valued at $113,000. State of Tennessee Treasury Department boosted its position in 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 valued at $154,000 after buying an additional 6,207 shares during the last quarter. Comerica Bank boosted its position in Tuesday Morning Corp. by 4.6% in the first quarter. Comerica Bank now owns 49,661 shares of the company’s stock valued at $159,000 after buying an additional 2,202 shares during the last quarter. Alambic Investment Management L.P. bought a new position in Tuesday Morning Corp. during the first quarter valued at $230,000. Finally, Hapanowicz & Associates Financial Services Inc bought a new position in Tuesday Morning Corp. during the first quarter valued at $368,000. 90.29% of the stock is owned by institutional investors.
Tuesday Morning Corp. (TUES) traded up 5.88% during trading on Friday, reaching $1.80. 438,434 shares of the company’s stock traded hands. Tuesday Morning Corp. has a one year low of $1.60 and a one year high of $7.66. The firm’s market capitalization is $79.24 million. The company has a 50-day moving average price of $1.83 and a 200 day moving average price of $2.69.
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Several research firms recently weighed in on TUES. B. Riley reaffirmed a “neutral” rating and set a $2.60 target price on shares of Tuesday Morning Corp. in a research note on Friday, May 5th. Credit Suisse Group cut their target price on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a research note on Friday, June 16th. ValuEngine cut shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, 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 investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.28.
In other Tuesday Morning Corp. news, CEO Steven R. Becker bought 90,100 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was acquired at an average price of $1.82 per share, with a total value of $163,982.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven R. Becker bought 100,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were acquired at an average cost of $1.73 per share, with a total value of $173,000.00. The disclosure for this purchase can be found here. Insiders have bought 200,100 shares of company stock valued at $355,482 in the last ninety days. Insiders own 4.40% of the company’s stock.
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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