Tilly's Inc (TLYS) Releases Earnings Results, Beats Expectations By $0.11 EPS
Tilly's Inc (NASDAQ:TLYS) issued its earnings results on Wednesday. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.11. The business earned $152.10 million during the quarter, compared to analyst estimates of $143 million. Tilly's’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. Tilly's updated its Q4 guidance to $0.15-0.20 EPS.
Shares of Tilly's (NASDAQ:TLYS) traded down 4.17% during midday trading on Wednesday, hitting $9.87. 373,727 shares of the company were exchanged. The stock has a market capitalization of $281.76 million and a price-to-earnings ratio of 64.09. The company has a 50-day moving average price of $9.75 and a 200-day moving average price of $7.68. Tilly's has a 52-week low of $5.49 and a 52-week high of $10.88.
A number of brokerages have recently commented on TLYS. Zacks Investment Research cut shares of Tilly's from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 17th. Mizuho reiterated a “neutral” rating and issued a $7.00 target price (up from $6.50) on shares of Tilly's in a research report on Thursday, August 25th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $12.00 target price (up from $10.00) on shares of Tilly's in a research report on Friday, August 26th. Stifel Nicolaus reiterated a “hold” rating on shares of Tilly's in a research report on Thursday, August 25th. Finally, B. Riley reiterated a “buy” rating and issued a $9.50 target price on shares of Tilly's in a research report on Tuesday, August 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Tilly's has an average rating of “Hold” and an average price target of $9.75.
In other news, major shareholder Tilly Levine sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $9.42, for a total transaction of $282,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hezy Shaked sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $9.44, for a total value of $141,600.00. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Tilly's by 13.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 167,494 shares of the company’s stock worth $1,573,000 after buying an additional 20,079 shares during the last quarter. Rhumbline Advisers boosted its position in Tilly's by 1.5% in the third quarter. Rhumbline Advisers now owns 13,712 shares of the company’s stock worth $129,000 after buying an additional 200 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Tilly's by 20.7% in the third quarter. TIAA CREF Investment Management LLC now owns 108,651 shares of the company’s stock worth $1,020,000 after buying an additional 18,660 shares in the last quarter. Teachers Advisors LLC boosted its position in Tilly's by 23.7% in the third quarter. Teachers Advisors LLC now owns 35,133 shares of the company’s stock worth $330,000 after buying an additional 6,728 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Tilly's by 6.1% in the second quarter. Panagora Asset Management Inc. now owns 88,132 shares of the company’s stock worth $510,000 after buying an additional 5,099 shares in the last quarter.
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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