Tilly’s (NYSE:TLYS) Issues Q3 2024 Earnings Guidance

Tilly’s (NYSE:TLYS) updated its third quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of -0.390–0.290 for the period, compared to the consensus EPS estimate of -0.100. The company issued revenue guidance of $140.0 million-$146.0 million, compared to the consensus revenue estimate of $146.7 million.

Analyst Ratings Changes

TLYS has been the subject of a number of research reports. Roth Mkm reduced their price objective on Tilly’s from $7.50 to $6.00 and set a neutral rating for the company in a research report on Friday, June 7th. B. Riley dropped their target price on Tilly’s from $8.25 to $7.00 and set a neutral rating for the company in a report on Friday, June 7th. Finally, StockNews.com cut Tilly’s from a hold rating to a sell rating in a report on Monday, June 10th.

Tilly’s Price Performance

Shares of NYSE TLYS traded down $0.19 during midday trading on Thursday, hitting $4.75. The stock had a trading volume of 72,178 shares, compared to its average volume of 92,854. Tilly’s has a fifty-two week low of $4.37 and a fifty-two week high of $8.82. The firm has a market cap of $142.88 million, a P/E ratio of -3.37 and a beta of 1.56. The company’s 50-day simple moving average is $5.35 and its 200 day simple moving average is $5.92.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.02). The company had revenue of $115.86 million during the quarter, compared to the consensus estimate of $115.57 million. Tilly’s had a negative return on equity of 14.38% and a negative net margin of 6.85%. Equities analysts expect that Tilly’s will post -0.83 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc purchased 100,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were bought at an average cost of $5.14 per share, for a total transaction of $514,000.00. Following the completion of the acquisition, the insider now directly owns 5,585,169 shares in the company, valued at approximately $28,707,768.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Janet Kerr sold 20,000 shares of Tilly’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $5.38, for a total value of $107,600.00. Following the sale, the director now owns 28,996 shares of the company’s stock, valued at $155,998.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Fund 1 Investments, Llc bought 100,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was bought at an average cost of $5.14 per share, for a total transaction of $514,000.00. Following the transaction, the insider now owns 5,585,169 shares of the company’s stock, valued at approximately $28,707,768.66. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 372,118 shares of company stock worth $2,021,693 and have sold 30,375 shares worth $162,049. Corporate insiders own 27.14% of the company’s stock.

About Tilly’s

Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, swim, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others.