Brokers Issue Forecasts for Tilly's Inc’s FY2018 Earnings (TLYS)
Tilly's Inc (NYSE:TLYS) – Research analysts at B. Riley raised their FY2018 earnings per share estimates for shares of Tilly's in a research report issued on Thursday. B. Riley analyst J. Van. Sinderen now expects that the specialty retailer will earn $0.64 per share for the year, up from their previous estimate of $0.53. B. Riley has a “Buy” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Tilly's’ Q4 2018 earnings at $0.23 EPS and FY2019 earnings at $0.67 EPS.
Tilly's (NYSE:TLYS) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.09. The business had revenue of $152.80 million for the quarter, compared to analyst estimates of $151.44 million. Tilly's had a net margin of 2.50% and a return on equity of 10.23%. Tilly's’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Tilly's from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Roth Capital set a $16.00 target price on shares of Tilly's and gave the stock a “buy” rating in a report on Friday, November 17th. ValuEngine lowered shares of Tilly's from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of Tilly's from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $13.50.
Shares of Tilly's (NYSE TLYS) opened at $16.40 on Friday. The firm has a market cap of $475.56, a P/E ratio of 26.61 and a beta of -0.44. Tilly's has a twelve month low of $8.02 and a twelve month high of $16.57.
Large investors have recently modified their holdings of the company. First Trust Advisors LP bought a new position in shares of Tilly's in the 3rd quarter worth $122,000. Wells Fargo & Company MN increased its holdings in shares of Tilly's by 74.7% in 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. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Tilly's in the 3rd quarter worth $151,000. Rhumbline Advisers increased its holdings in shares of Tilly's by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 14,358 shares of the specialty retailer’s stock worth $146,000 after buying an additional 580 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Tilly's in the 2nd quarter worth $151,000. 43.59% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Hezy Shaked sold 30,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $11.79, for a total value of $353,700.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Tilly Levine sold 20,000 shares of the 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 sold a total of 550,000 shares of company stock worth $6,460,833 in the last three months. Insiders own 50.12% 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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