Tilly’s (TLYS) Cut to “Hold” at Zacks Investment Research
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 subject of several other reports. ValuEngine raised Tilly’s from a sell rating to a hold rating in a research note on Monday, April 29th. Pivotal Research reaffirmed a buy rating and issued a $14.00 price objective on shares of Tilly’s in a research note on Monday, March 11th. Finally, B. Riley set a $18.00 price objective on Tilly’s and gave the company a buy rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $15.80.
Tilly’s (NYSE:TLYS) last released its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Tilly’s had a return on equity of 14.59% and a net margin of 4.35%. The firm had revenue of $170.60 million during the quarter, compared to the consensus estimate of $169.01 million. During the same period last year, the business posted $0.23 EPS. Tilly’s’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that Tilly’s will post 0.85 earnings per share for the current year.
In other Tilly’s news, insider Jon Kubo sold 12,500 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $11.55, for a total transaction of $144,375.00. Following the completion of the transaction, the insider now owns 12,500 shares of the company’s stock, valued at $144,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Henry purchased 4,705 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were bought at an average cost of $11.08 per share, with a total value of $52,131.40. Following the transaction, the chief financial officer now directly owns 21,495 shares of the company’s stock, valued at approximately $238,164.60. The disclosure for this purchase can be found here. Company insiders own 48.26% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its position in Tilly’s by 46.4% during the fourth quarter. Legal & General Group Plc now owns 3,169 shares of the specialty retailer’s stock worth $34,000 after buying an additional 1,004 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Tilly’s by 157.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,296 shares of the specialty retailer’s stock worth $48,000 after buying an additional 2,626 shares in the last quarter. Citigroup Inc. increased its position in Tilly’s by 23.4% during the fourth quarter. Citigroup Inc. now owns 4,905 shares of the specialty retailer’s stock worth $53,000 after buying an additional 929 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Tilly’s by 403.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,728 shares of the specialty retailer’s stock worth $62,000 after buying an additional 4,591 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in Tilly’s during the fourth quarter worth $73,000. 69.49% of the stock is owned by institutional investors.
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.
Recommended Story: Current Ratio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tilly's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tilly's and related companies with MarketBeat.com's FREE daily email newsletter.