$151.70 Million in Sales Expected for Tilly’s, Inc. (TLYS) This Quarter
Wall Street analysts forecast that Tilly’s, Inc. (NYSE:TLYS) will announce sales of $151.70 million for the current quarter, Zacks reports. Three analysts have issued estimates for Tilly’s’ earnings. The highest sales estimate is $153.25 million and the lowest is $149.36 million. Tilly’s reported sales of $152.11 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.3%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, November 29th.
On average, analysts expect that Tilly’s will report full-year sales of $151.70 million for the current fiscal year, with estimates ranging from $569.00 million to $589.20 million. For the next year, analysts forecast that the firm will report sales of $584.37 million per share, with estimates ranging from $584.00 million to $584.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Tilly’s.
Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. Tilly’s had a net margin of 2.09% and a return on equity of 8.85%. The business had revenue of $138.80 million during the quarter, compared to analyst estimates of $136.46 million. During the same quarter last year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year.
Several analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $13.00 target price on shares of Tilly’s in a report on Tuesday, August 29th. BidaskClub cut shares of Tilly’s from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Roth Capital set a $12.00 target price on shares of Tilly’s and gave the company a “buy” rating in a report on Wednesday, August 23rd. ValuEngine cut shares of Tilly’s from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Tilly’s from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Tilly’s currently has an average rating of “Hold” and a consensus target price of $11.60.
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Tilly’s (TLYS) opened at $12.25 on Tuesday. The company has a market cap of $353.65, a P/E ratio of 22.72 and a beta of -0.55. Tilly’s has a 12 month low of $8.02 and a 12 month high of $15.29.
In other Tilly’s news, insider Hezy Shaked sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $11.53, for a total transaction of $345,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Tilly Levine sold 192,249 shares of Tilly’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $11.52, for a total transaction of $2,214,708.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 550,000 shares of company stock worth $6,375,333. 50.12% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP acquired a new position in shares of Tilly’s in the 3rd quarter valued at $122,000. Wells Fargo & Company MN increased its holdings in shares of Tilly’s by 74.7% in the 3rd quarter. Wells Fargo & Company MN now owns 12,080 shares of the specialty retailer’s stock valued at $133,000 after acquiring 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 3rd quarter valued at $151,000. Rhumbline Advisers increased its holdings in shares of Tilly’s by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 14,358 shares of the specialty retailer’s stock valued at $146,000 after acquiring an additional 580 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Tilly’s in the 2nd quarter valued at $151,000. 42.37% of the stock is currently owned by institutional investors and hedge funds.
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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