Vetr Crowd Upgrades Tuesday Morning To 3-Star Stock

  • Shares of Tuesday Morning Corporation TUES have plunged more than 70 percent since the start of 2015.
  • The Vetr Crowd upgraded their rating on Tuesday Morning to three stars out of a possible five.
  • Even though 80 percent of the Crowd's ratings are bullish, the crowd's price target of $6.13 implies a downside of around 1.50 percent.
  • Shares of Tuesday Morning, an off-price, upscale decorative home accessories retailer, have plunged more than 70 percent since the start of 2015. In fact, the stock traded as high as $22.88 near the beginning of the year and has been falling since, culminating in a 52-week low of $4.86 before rebounding to its current level above the $6 per share mark.

    Despite the large year-to-date plunge, Tuesday Morning's stock has gained more than 16 percent over the past month. The stock's momentum may have prompted the Vetr Crowd to revise their bearish rating and upgrade the stock to a three-star rating out of a possible five.

    Related Link: Vetr Crowd Upgrades Shake Shack, 66% Of Users Are Bullish

    On Tuesday, We're Bullish

    Even though less than 2 percent of Vetr users are holding Tuesday Morning's stock in their watch list, 80 percent of the Crowd's ratings are bullish. However, the crowdsourced price target of $6.13 implies a potential downside of around 1.53 percent.

    On the other hand, the Vetr Crowd appears to be incrementally bullish on Ross Stores, Inc. ROST, an off-price retailer of name brands.

    The Vetr Crowd rates Ross Stores' stock with a 3.5-star rating, while the crowdsourced price target of $58.00 implies a potential upside just shy of 7 percent; only 20 percent of the Crowd's ratings are bearish and recommend a Sell rating.

    Image Credit: "Tuesday Morning at the Esplanade - Hillsboro, Oregon" by M.O. Stevens - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons.
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    Posted In: Analyst ColorLong IdeasShort IdeasCrowdsourcingTop StoriesAnalyst RatingsTrading IdeasGeneralOff Price RetailersretailersTuesday MorningVetrVetr Crowd
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