According to Zacks, “Tuesday Morning is off-price retailer specializing in name-brand, products for the home, including upscale home textiles, home furnishings, housewares, gourmet food, toys and seasonal décor, at prices generally below those found in boutique, specialty and department stores, catalogs and on-line retailers. Tuesday Morning is based in Dallas, Texas. “
Shares of Tuesday Morning stock opened at $2.64 on Wednesday. Tuesday Morning has a 52-week low of $1.00 and a 52-week high of $5.01. The company has a quick ratio of 0.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average price is $2.58 and its 200-day moving average price is $3.48.
In other news, CMO Paul Metcalf bought 100,000 shares of Tuesday Morning stock in a transaction that occurred on Wednesday, September 15th. The shares were purchased at an average price of $1.68 per share, with a total value of $168,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Marc Katz purchased 150,000 shares of the company’s stock in a transaction on Tuesday, September 14th. The stock was bought at an average price of $1.71 per share, for a total transaction of $256,500.00. The disclosure for this purchase can be found here. Insiders have acquired 485,925 shares of company stock valued at $851,524 over the last 90 days. 36.80% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TUEM. Accretive Wealth Partners LLC purchased a new position in Tuesday Morning in the 2nd quarter valued at $45,000. Two Sigma Securities LLC purchased a new position in Tuesday Morning in the 3rd quarter valued at $49,000. Sfmg LLC grew its position in Tuesday Morning by 35.0% in the 3rd quarter. Sfmg LLC now owns 27,000 shares of the company’s stock valued at $76,000 after buying an additional 7,000 shares during the last quarter. Hollow Brook Wealth Management LLC purchased a new position in Tuesday Morning in the 3rd quarter valued at $81,000. Finally, Squarepoint Ops LLC purchased a new position in Tuesday Morning in the 2nd quarter valued at $89,000. Institutional investors and hedge funds own 81.85% of the company’s stock.
Tuesday Morning Company Profile
Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, pet supplies, bath and body products, toys, and seasonal dÃ©cor products. As of June 30, 2020, it operated approximately 685 stores in 39 states.
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