Tilly's (TLYS) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS
Tilly's (NYSE:TLYS) released its quarterly earnings results on Tuesday. The specialty retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.09, Bloomberg Earnings reports. Tilly's had a net margin of 2.09% and a return on equity of 8.85%. The firm had revenue of $152.80 million for the quarter, compared to analyst estimates of $151.44 million. During the same quarter in the previous year, the company earned $0.22 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year.
Tilly's (NYSE:TLYS) traded down $0.05 during trading on Wednesday, reaching $13.22. 315,200 shares of the company traded hands, compared to its average volume of 188,981. Tilly's has a 12-month low of $8.02 and a 12-month high of $15.29. The firm has a market cap of $377.57, a P/E ratio of 24.26 and a beta of -0.55.
In other Tilly's news, major shareholder Tilly Levine sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $13.18, for a total value of $263,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hezy Shaked sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $11.53, for a total transaction of $345,900.00. The disclosure for this sale can be found here. Insiders sold a total of 550,000 shares of company stock valued at $6,460,833 in the last quarter. 50.12% of the stock is owned by insiders.
A hedge fund recently raised its stake in Tilly's stock. State Street Corp grew its holdings in Tilly's Inc (NYSE:TLYS) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,198 shares of the specialty retailer’s stock after acquiring an additional 11,416 shares during the period. State Street Corp owned about 0.59% of Tilly's worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 43.59% of the company’s stock.
Several research firms recently weighed in on TLYS. B. Riley reiterated a “buy” rating and issued a $13.00 target price on shares of Tilly's in a report on Tuesday, August 29th. BidaskClub downgraded shares of Tilly's from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Roth Capital set a $12.00 target price on shares of Tilly's and gave the company a “buy” rating in a report on Wednesday, August 23rd. ValuEngine downgraded shares of Tilly's from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Tilly's from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.40.
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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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