Zacks Investment Research upgraded shares of Tilly’s (NYSE:TLYS) from a sell rating to a hold rating in a research note published on Saturday, reports.

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. “

Other equities research analysts also recently issued reports about the company. ValuEngine downgraded Tilly’s from a hold rating to a sell rating in a report on Friday, May 17th. B. Riley set a $14.00 price target on Tilly’s and gave the stock a buy rating in a report on Thursday, May 30th. Finally, Pivotal Research restated a buy rating and issued a $14.00 price target on shares of Tilly’s in a report on Monday, March 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $15.00.

Shares of Tilly’s stock opened at $7.71 on Friday. Tilly’s has a 1 year low of $7.65 and a 1 year high of $25.46. The stock has a 50-day simple moving average of $9.37. The company has a market capitalization of $239.42 million, a P/E ratio of 9.64, a P/E/G ratio of 0.99 and a beta of 0.78. The company has a quick ratio of 1.11, a current ratio of 1.65 and a debt-to-equity ratio of 1.35.

Tilly’s (NYSE:TLYS) last announced its quarterly earnings results on Wednesday, May 29th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Tilly’s had a return on equity of 14.25% and a net margin of 4.21%. The company had revenue of $460.30 million during the quarter, compared to the consensus estimate of $128.84 million. During the same period in the prior year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 272.4% compared to the same quarter last year. On average, equities research analysts expect that Tilly’s will post 0.74 EPS for the current fiscal year.

In other news, CFO Michael Henry acquired 12,795 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average cost of $7.89 per share, for a total transaction of $100,952.55. Following the completion of the acquisition, the chief financial officer now owns 34,290 shares in the company, valued at $270,548.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon Kubo sold 12,500 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $11.55, for a total value of $144,375.00. Following the transaction, the insider now owns 12,500 shares of the company’s stock, valued at $144,375. The disclosure for this sale can be found here. 29.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of TLYS. Divisar Capital Management LLC boosted its position in Tilly’s by 270.9% during the fourth quarter. Divisar Capital Management LLC now owns 1,042,846 shares of the specialty retailer’s stock valued at $11,325,000 after purchasing an additional 761,710 shares during the last quarter. BlackRock Inc. boosted its position in Tilly’s by 66.0% during the fourth quarter. BlackRock Inc. now owns 1,533,326 shares of the specialty retailer’s stock valued at $16,652,000 after purchasing an additional 609,429 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in Tilly’s during the first quarter valued at approximately $4,462,000. RK Capital Management LLC acquired a new position in Tilly’s during the fourth quarter valued at approximately $3,674,000. Finally, Assenagon Asset Management S.A. boosted its position in Tilly’s by 60.2% during the first quarter. Assenagon Asset Management S.A. now owns 579,603 shares of the specialty retailer’s stock valued at $6,451,000 after purchasing an additional 217,871 shares during the last quarter. Institutional investors and hedge funds own 72.57% of the company’s stock.

About Tilly’s

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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