Zacks Investment Research cut shares of Tilly’s (NYSE:TLYS) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
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. “
TLYS has been the subject of a number of other reports. ValuEngine lowered Tilly’s from a buy rating to a hold rating in a research report on Tuesday, November 20th. B. Riley decreased their target price on Tilly’s from $26.00 to $25.00 and set a buy rating for the company in a research report on Wednesday, November 21st. Roth Capital set a $18.00 target price on Tilly’s and gave the company a buy rating in a research report on Thursday, November 29th. Pivotal Research raised Tilly’s from a hold rating to a buy rating and decreased their target price for the company from $17.00 to $14.00 in a research report on Thursday, December 6th. Finally, Bank of America decreased their target price on Tilly’s from $20.00 to $17.00 and set a buy rating for the company in a research report on Thursday, November 29th. One equities research 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 presently has an average rating of Buy and an average target price of $18.40.
Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Tilly’s had a return on equity of 14.36% and a net margin of 4.35%. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $169.01 million. During the same period last year, the company posted $0.23 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that Tilly’s will post 0.85 earnings per share for the current year.
The business also recently disclosed a dividend, which was paid on Wednesday, February 27th. Shareholders of record on Friday, February 15th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, February 14th.
In related news, CFO Michael Henry acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average cost of $11.47 per share, with a total value of $28,675.00. Following the acquisition, the chief financial officer now owns 16,790 shares of the company’s stock, valued at approximately $192,581.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 48.26% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of Tilly’s by 8.8% in the 2nd quarter. Northern Trust Corp now owns 162,585 shares of the specialty retailer’s stock worth $2,462,000 after buying an additional 13,171 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Tilly’s by 94.0% in the 3rd quarter. First Trust Advisors LP now owns 31,320 shares of the specialty retailer’s stock worth $594,000 after buying an additional 15,174 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Tilly’s in the 3rd quarter worth approximately $210,000. American Century Companies Inc. purchased a new position in shares of Tilly’s in the 3rd quarter worth approximately $675,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Tilly’s in the 3rd quarter worth approximately $330,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.
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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