Tilly’s, Inc. (NYSE:TLYS) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.19-0.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17.

A number of research firms have recently commented on TLYS. BidaskClub downgraded shares of Tilly’s from a hold rating to a sell rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Tilly’s from a strong-buy rating to a hold rating in a research note on Wednesday, July 26th. TheStreet raised shares of Tilly’s from a c+ rating to a b- rating in a research note on Tuesday, June 27th. ValuEngine downgraded shares of Tilly’s from a buy rating to a hold rating in a research note on Thursday, June 1st. Finally, B. Riley reaffirmed a buy rating and set a $12.00 price objective on shares of Tilly’s in a research note on Monday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $10.86.

Tilly’s, Inc. (NYSE:TLYS) traded up 10.09% during trading on Wednesday, reaching $9.60. The company’s stock had a trading volume of 458,145 shares. Tilly’s, Inc. has a 52-week low of $6.52 and a 52-week high of $15.29. The stock’s 50-day moving average is $9.82 and its 200 day moving average is $9.88. The firm has a market capitalization of $276.36 million, a price-to-earnings ratio of 19.67 and a beta of -0.43.

Tilly’s (NYSE:TLYS) last announced its quarterly earnings data on Tuesday, May 23rd. The specialty retailer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.09. Tilly’s had a net margin of 2.46% and a return on equity of 7.86%. The company had revenue of $120.90 million during the quarter, compared to analyst estimates of $114.35 million. During the same quarter last year, the business posted ($0.06) EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that Tilly’s, Inc. will post $0.44 EPS for the current fiscal year.

In related news, major shareholder Tilly Levine sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $10.23, for a total transaction of $204,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hezy Shaked sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $10.62, for a total transaction of $318,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,600 shares of company stock valued at $1,099,006. Company insiders own 53.41% of the company’s stock.

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A hedge fund recently raised its stake in Tilly’s stock. State Street Corp boosted its stake in Tilly’s, Inc. (NYSE:TLYS) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,198 shares of the specialty retailer’s stock after buying an additional 11,416 shares during the period. State Street Corp owned about 0.59% of Tilly’s worth $1,726,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 39.56% of the company’s stock.

About Tilly’s

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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