FY2019 EPS Estimates for Tilly’s Inc (TLYS) Lifted by William Blair
Tilly’s Inc (NYSE:TLYS) – Stock analysts at William Blair boosted their FY2019 EPS estimates for shares of Tilly’s in a research report issued to clients and investors on Monday, January 14th. William Blair analyst S. Zackfia now expects that the specialty retailer will post earnings of $0.80 per share for the year, up from their previous forecast of $0.78. William Blair also issued estimates for Tilly’s’ Q4 2019 earnings at $0.26 EPS and FY2020 earnings at $0.94 EPS.
Several other research firms also recently issued reports on TLYS. Zacks Investment Research downgraded Tilly’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Bank of America started coverage on Tilly’s in a report on Wednesday, October 24th. They issued a “buy” rating and a $20.00 price objective for the company. Pivotal Research set a $17.00 price objective on Tilly’s and gave the company a “hold” rating in a report on Tuesday, November 27th. B. Riley dropped their price objective on Tilly’s from $25.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Finally, ValuEngine cut Tilly’s from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.40.
Tilly’s (NYSE:TLYS) last released its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $146.80 million during the quarter, compared to the consensus estimate of $148.74 million. Tilly’s had a return on equity of 14.04% and a net margin of 4.06%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS.
Several institutional investors have recently modified their holdings of TLYS. Bank of New York Mellon Corp raised its stake in shares of Tilly’s by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 160,316 shares of the specialty retailer’s stock worth $2,430,000 after purchasing an additional 7,713 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Tilly’s by 10.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 87,753 shares of the specialty retailer’s stock valued at $1,330,000 after acquiring an additional 8,300 shares during the last quarter. BlackRock Inc. increased its position in shares of Tilly’s by 16.5% during the second quarter. BlackRock Inc. now owns 1,048,079 shares of the specialty retailer’s stock valued at $15,880,000 after acquiring an additional 148,683 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tilly’s by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,259,970 shares of the specialty retailer’s stock valued at $19,089,000 after acquiring an additional 42,877 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Tilly’s by 222.5% during the second quarter. Citadel Advisors LLC now owns 19,225 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 34,925 shares during the last quarter. 70.16% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Hezy Shaked sold 20,000 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $10.68, for a total transaction of $213,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 48.26% of the stock is currently owned by insiders.
Tilly’s Company Profile
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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