Tilly's (NYSE:TLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $18.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.61% from the company’s previous close.
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 have also weighed in on TLYS. Roth Capital set a $17.00 price objective on shares of Tilly's and gave the company a “buy” rating in a research report on Friday, December 1st. ValuEngine lowered shares of Tilly's from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. B. Riley reiterated a “buy” rating and issued a $13.00 price objective on shares of Tilly's in a research report on Tuesday, August 29th. Finally, BidaskClub lowered shares of Tilly's from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $15.00.
Tilly's (NYSE:TLYS) last posted its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. Tilly's had a net margin of 2.50% and a return on equity of 10.23%. The firm had revenue of $152.80 million for the quarter, compared to analyst estimates of $151.44 million. During the same period last year, the firm posted $0.22 EPS. Tilly's’s quarterly revenue was up .5% on a year-over-year basis. analysts expect that Tilly's will post 0.65 EPS for the current year.
In other Tilly's news, insider Hezy Shaked sold 10,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $11.72, for a total transaction of $117,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Tilly Levine sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.60, for a total transaction of $232,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 572,189 shares of company stock worth $6,812,549 over the last 90 days. Insiders own 50.12% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Tilly's during the 3rd quarter worth $541,000. California Public Employees Retirement System raised its stake in shares of Tilly's by 30.1% during the 3rd quarter. California Public Employees Retirement System now owns 74,954 shares of the specialty retailer’s stock worth $899,000 after buying an additional 17,354 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Tilly's by 74.7% during the 3rd quarter. Wells Fargo & Company MN now owns 12,080 shares of the specialty retailer’s stock worth $133,000 after buying an additional 5,167 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tilly's by 5,223.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,640 shares of the specialty retailer’s stock worth $342,000 after buying an additional 28,102 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of Tilly's during the 3rd quarter worth $1,282,000. Institutional investors own 43.55% of the company’s stock.
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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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