Zacks Investment Research upgraded shares of Tilly’s, Inc. (NYSE:TLYS) from a hold rating to a buy rating in a report published on Tuesday morning. The brokerage currently has $12.00 price objective on the specialty retailer’s stock.

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. “

A number of other research firms also recently commented on TLYS. Roth Capital set a $12.00 price objective on Tilly’s and gave the company a buy rating in a report on Wednesday, May 24th. ValuEngine upgraded Tilly’s from a hold rating to a buy rating in a report on Thursday, May 25th. BidaskClub upgraded Tilly’s from a hold rating to a buy rating in a report on Wednesday, July 19th. B. Riley restated a buy rating and issued a $13.00 price target on shares of Tilly’s in a report on Thursday, August 24th. Finally, TheStreet upgraded Tilly’s from a c+ rating to a b- rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Tilly’s presently has a consensus rating of Hold and an average price target of $11.60.

Tilly’s (TLYS) opened at 10.61 on Tuesday. The firm has a market capitalization of $305.80 million, a PE ratio of 25.38 and a beta of -0.43. Tilly’s has a 1-year low of $7.53 and a 1-year high of $15.29. The stock’s 50 day moving average is $9.82 and its 200-day moving average is $9.86.

Tilly’s (NYSE:TLYS) last released its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $138.80 million during the quarter, compared to the consensus estimate of $136.46 million. Tilly’s had a return on equity of 8.73% and a net margin of 2.09%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. Equities research analysts forecast that Tilly’s will post $0.54 EPS for the current year.

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In related news, major shareholder Tilly Levine sold 20,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $10.23, for a total transaction of $204,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hezy Shaked sold 10,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $8.94, for a total value of $89,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,600 shares of company stock valued at $1,099,006. 53.41% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TLYS. Susquehanna International Group LLP boosted its position in shares of Tilly’s by 8.8% in the second quarter. Susquehanna International Group LLP now owns 40,458 shares of the specialty retailer’s stock valued at $411,000 after buying an additional 3,258 shares during the period. State Street Corp boosted its position in shares of Tilly’s by 7.2% in the second quarter. State Street Corp now owns 170,198 shares of the specialty retailer’s stock valued at $1,726,000 after buying an additional 11,416 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Tilly’s by 59.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 21,100 shares of the specialty retailer’s stock valued at $213,000 after buying an additional 7,900 shares during the period. Divisar Capital Management LLC boosted its position in shares of Tilly’s by 32.7% in the second quarter. Divisar Capital Management LLC now owns 727,525 shares of the specialty retailer’s stock valued at $7,384,000 after buying an additional 179,460 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Tilly’s by 86.4% in the second quarter. Goldman Sachs Group Inc. now owns 83,033 shares of the specialty retailer’s stock valued at $843,000 after buying an additional 38,490 shares during the period. 40.37% of the stock is owned by hedge funds and other institutional investors.

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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