$121.51 Million in Sales Expected for Tilly's Inc (TLYS) This Quarter
Brokerages expect that Tilly's Inc (NYSE:TLYS) will report sales of $121.51 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tilly's’ earnings, with the highest sales estimate coming in at $122.90 million and the lowest estimate coming in at $119.30 million. Tilly's reported sales of $120.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.5%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 22nd.
On average, analysts expect that Tilly's will report full year sales of $121.51 million for the current fiscal year, with estimates ranging from $578.00 million to $590.48 million. For the next fiscal year, analysts anticipate that the firm will post sales of $610.27 million per share, with estimates ranging from $598.80 million to $621.74 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Tilly's.
Several equities research analysts have issued reports on TLYS shares. Zacks Investment Research raised Tilly's from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, December 5th. B. Riley reaffirmed a “buy” rating and set a $17.00 price target (up previously from $15.00) on shares of Tilly's in a research note on Friday, January 26th. ValuEngine raised Tilly's from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Roth Capital set a $17.00 target price on Tilly's and gave the company a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $17.33.
The firm also recently declared a dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th were given a dividend of $1.00 per share. This represents a yield of 0.0689179875947622%. The ex-dividend date of this dividend was Thursday, February 8th.
In other Tilly's news, major shareholder Tilly Levine sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $15.22, for a total transaction of $304,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hezy Shaked sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $13.62, for a total value of $136,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 220,000 shares of company stock valued at $3,085,700 in the last ninety days. 50.12% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLYS. First Trust Advisors LP purchased a new position in shares of Tilly's during the 3rd quarter worth approximately $122,000. The Manufacturers Life Insurance Company grew its holdings in shares of Tilly's by 1,159.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,855 shares of the specialty retailer’s stock worth $160,000 after acquiring an additional 9,993 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Tilly's by 74.7% during the 3rd quarter. Wells Fargo & Company MN now owns 12,080 shares of the specialty retailer’s stock worth $133,000 after acquiring an additional 5,167 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Tilly's during the 3rd quarter worth approximately $151,000. Finally, Ellington Management Group LLC purchased a new stake in shares of Tilly's in the 4th quarter worth approximately $214,000. 46.87% of the stock is owned by institutional investors and hedge funds.
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Tilly's Company Profile
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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