Zacks Investment Research cut shares of Tilly’s, Inc. (NYSE:TLYS) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

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 topic of a number of other research reports. ValuEngine cut Tilly’s from a buy rating to a hold rating in a research report on Thursday, June 1st. B. Riley cut Tilly’s from a buy rating to a neutral rating in a research report on Tuesday, April 18th. BidaskClub raised Tilly’s from a hold rating to a buy rating in a research report on Wednesday, July 19th. TheStreet raised Tilly’s from a c+ rating to a b- rating in a research report on Tuesday, June 27th. Finally, Roth Capital set a $12.00 price target on Tilly’s and gave the company a buy rating in a research report on Wednesday, May 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tilly’s has a consensus rating of Hold and an average target price of $10.86.

Tilly’s (TLYS) opened at 10.12 on Wednesday. The firm’s 50-day moving average price is $10.09 and its 200 day moving average price is $10.29. Tilly’s has a 52-week low of $5.53 and a 52-week high of $15.29. The company has a market cap of $291.32 million, a PE ratio of 20.74 and a beta of -0.42.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Tuesday, May 23rd. The specialty retailer reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.09. Tilly’s had a return on equity of 7.86% and a net margin of 2.46%. The firm had revenue of $120.90 million for the quarter, compared to analysts’ expectations of $114.35 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that Tilly’s will post $0.45 EPS for the current fiscal year.

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In related news, major shareholder Tilly Levine sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $9.88, for a total transaction of $197,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hezy Shaked sold 30,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $10.62, for a total value of $318,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,600 shares of company stock worth $1,405,906. 53.41% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in Tilly’s by 2.3% in the second quarter. Russell Investments Group Ltd. now owns 46,735 shares of the specialty retailer’s stock worth $475,000 after buying an additional 1,048 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Tilly’s by 2.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 47,790 shares of the specialty retailer’s stock worth $431,000 after buying an additional 1,274 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Tilly’s by 47.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 25,442 shares of the specialty retailer’s stock worth $229,000 after buying an additional 8,200 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Tilly’s by 28.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 39,827 shares of the specialty retailer’s stock worth $360,000 after buying an additional 8,783 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Tilly’s by 5.6% in the first quarter. TIAA CREF Investment Management LLC now owns 195,113 shares of the specialty retailer’s stock worth $1,760,000 after buying an additional 10,340 shares during the last quarter. Institutional investors own 41.44% of the company’s stock.

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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Analyst Recommendations for Tilly`s (NYSE:TLYS)

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