Zacks Investment Research Lowers Tilly’s (TLYS) to Hold
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. “
A number of other equities research analysts have also weighed in on the stock. B. Riley set a $18.00 target price on shares of Tilly’s and gave the company a “buy” rating in a research note on Monday. ValuEngine lowered shares of Tilly’s from a “hold” rating to a “sell” rating in a research note on Friday, May 17th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $14.00 target price on shares of Tilly’s in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Tilly’s has an average rating of “Buy” and an average target price of $15.80.
Tilly’s (NYSE:TLYS) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $170.60 million for the quarter, compared to analyst estimates of $169.01 million. Tilly’s had a net margin of 4.35% and a return on equity of 14.59%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. On average, equities analysts expect that Tilly’s will post 0.85 earnings per share for the current year.
In other news, insider Jon Kubo sold 12,500 shares of Tilly’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $11.55, for a total transaction of $144,375.00. Following the sale, the insider now owns 12,500 shares of the company’s stock, valued at approximately $144,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Henry bought 2,500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were bought at an average cost of $11.47 per share, for a total transaction of $28,675.00. Following the purchase, the chief financial officer now directly owns 16,790 shares in the company, valued at approximately $192,581.30. The disclosure for this purchase can be found here. Insiders own 48.26% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Tilly’s by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,550,137 shares of the specialty retailer’s stock valued at $17,253,000 after purchasing an additional 138,957 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Tilly’s by 1.1% during the 1st quarter. BlackRock Inc. now owns 1,549,542 shares of the specialty retailer’s stock valued at $17,246,000 after purchasing an additional 16,216 shares in the last quarter. Vanguard Group Inc lifted its position in Tilly’s by 84.7% during the 3rd quarter. Vanguard Group Inc now owns 1,095,583 shares of the specialty retailer’s stock valued at $20,761,000 after acquiring an additional 502,560 shares during the period. Vanguard Group Inc. lifted its position in Tilly’s by 84.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,095,583 shares of the specialty retailer’s stock valued at $20,761,000 after acquiring an additional 502,560 shares during the period. Finally, Divisar Capital Management LLC lifted its position in Tilly’s by 270.9% during the 4th quarter. Divisar Capital Management LLC now owns 1,042,846 shares of the specialty retailer’s stock valued at $11,325,000 after acquiring an additional 761,710 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.
Tilly's, Inc retails casual apparel, footwear, and accessories for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hats, sunglasses, headphones, handbags, watches, jewelry, and others.
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