Zacks: Analysts Anticipate Tilly’s Inc (TLYS) Will Post Quarterly Sales of $149.55 Million
Equities analysts expect that Tilly’s Inc (NYSE:TLYS) will post sales of $149.55 million for the current quarter, Zacks reports. Three analysts have provided estimates for Tilly’s’ earnings, with estimates ranging from $147.78 million to $153.00 million. Tilly’s posted sales of $152.82 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The business is expected to issue its next earnings results on Wednesday, December 5th.
On average, analysts expect that Tilly’s will report full year sales of $601.90 million for the current financial year, with estimates ranging from $599.20 million to $605.30 million. For the next financial year, analysts forecast that the company will report sales of $637.68 million, with estimates ranging from $620.14 million to $652.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Tilly’s.
Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Wednesday, August 29th. The specialty retailer reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $157.41 million for the quarter, compared to the consensus estimate of $155.30 million. Tilly’s had a return on equity of 15.08% and a net margin of 4.41%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) earnings per share.
In related news, major shareholder Tilly Levine sold 10,000 shares of the company’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $15.06, for a total value of $150,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Seth R. Johnson sold 7,500 shares of the company’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $19.03, for a total value of $142,725.00. Following the completion of the transaction, the director now directly owns 66,362 shares in the company, valued at $1,262,868.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,503,521 shares of company stock worth $101,639,714. Insiders own 48.26% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bailard Inc. acquired a new position in shares of Tilly’s in the 2nd quarter valued at $597,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Tilly’s by 62.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,567 shares of the specialty retailer’s stock valued at $599,000 after acquiring an additional 15,170 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Tilly’s by 161.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,076 shares of the specialty retailer’s stock valued at $1,516,000 after acquiring an additional 61,750 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Tilly’s by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,217,093 shares of the specialty retailer’s stock valued at $13,753,000 after acquiring an additional 21,700 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of Tilly’s by 222.5% in the 2nd quarter. Citadel Advisors LLC now owns 19,225 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 34,925 shares during the period. 48.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TLYS stock traded up $0.51 during trading hours on Monday, reaching $16.70. 424,332 shares of the company’s stock were exchanged, compared to its average volume of 287,775. The company has a market cap of $555.39 million and a PE ratio of 25.69. Tilly’s has a fifty-two week low of $10.72 and a fifty-two week high of $25.46.
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.
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