Tilly's (NYSE:TLYS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, March 9th.
According to Zacks, “Tilly’s, Inc. is a specialty retailer in the action sports industry selling clothing, shoes and accessories. The Company distributes t-shirts, sweatshirts, jackets, shorts, pants, jeans, sweaters, swimwear, shoes and accessories for men, women and kids through its website. It sells denim apparel and cologne for guys, boys and juniors and apparel, footwear and accessories for juniors and girls under RSQ, Full Tilt, Blue Crown and Infamous brand names. Tilly’s, Inc. is based in Irvine, California. “
TLYS has been the subject of several other research reports. Roth Capital set a $16.00 price objective on Tilly's and gave the company a “buy” rating in a research report on Friday, November 17th. B. Riley set a $15.00 price target on Tilly's and gave the company a “buy” rating in a report on Tuesday, November 28th. Finally, ValuEngine upgraded Tilly's from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.67.
Shares of TLYS stock traded down $0.04 during trading on Friday, hitting $11.26. The company had a trading volume of 127,697 shares, compared to its average volume of 176,611. Tilly's has a 52 week low of $8.02 and a 52 week high of $16.57. The stock has a market cap of $325.96, a price-to-earnings ratio of 17.43 and a beta of -0.24.
Tilly's (NYSE:TLYS) last released its quarterly earnings data on Monday, March 12th. The specialty retailer reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $164.32 million for the quarter, compared to analysts’ expectations of $166.39 million. Tilly's had a net margin of 2.55% and a return on equity of 10.83%. equities analysts anticipate that Tilly's will post 0.78 earnings per share for the current fiscal year.
In related news, major shareholder Tilly Levine sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $14.70, for a total value of $147,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hezy Shaked sold 30,000 shares of Tilly's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $13.35, for a total value of $400,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,000 shares of company stock valued at $3,239,500. Corporate insiders own 50.12% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. First Trust Advisors LP purchased a new stake in shares of Tilly's during the 3rd quarter worth $122,000. Wells Fargo & Company MN increased its holdings in shares of Tilly's by 74.7% in the third quarter. Wells Fargo & Company MN now owns 12,080 shares of the specialty retailer’s stock valued at $133,000 after purchasing an additional 5,167 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Tilly's in the third quarter valued at about $151,000. The Manufacturers Life Insurance Company increased its holdings in shares of Tilly's by 1,159.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 10,855 shares of the specialty retailer’s stock valued at $160,000 after purchasing an additional 9,993 shares during the period. Finally, Ellington Management Group LLC acquired a new position in shares of Tilly's in the fourth quarter valued at about $214,000. 46.87% of the stock is currently owned by institutional investors.
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Tilly’s, Inc is a destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. The Company offers an unparalleled selection of relevant brands, styles, colors, sizes and price points. The Company’s apparel merchandise includes branded, fashion and styles for tops, outerwear, bottoms and dresses.
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