Tilly’s (NYSE:TLYS) Trading Up 8.4%

Tilly’s Inc (NYSE:TLYS) shares were up 8.4% during trading on Thursday . The stock traded as high as $9.21 and last traded at $9.04, approximately 284,718 shares were traded during mid-day trading. A decline of 17% from the average daily volume of 345,075 shares. The stock had previously closed at $8.34.

Several research analysts recently commented on TLYS shares. ValuEngine raised shares of Tilly’s from a “strong sell” rating to a “sell” rating in a report on Thursday, August 15th. TheStreet downgraded shares of Tilly’s from a “b-” rating to a “c+” rating in a report on Tuesday, June 25th. Zacks Investment Research raised shares of Tilly’s from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, B. Riley set a $14.00 price target on shares of Tilly’s and gave the company a “buy” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.00.

The company has a current ratio of 1.65, a quick ratio of 1.11 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $244.13 million, a P/E ratio of 10.34, a P/E/G ratio of 1.02 and a beta of 0.70. The company’s fifty day simple moving average is $8.12 and its 200 day simple moving average is $10.04.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Wednesday, May 29th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Tilly’s had a net margin of 4.21% and a return on equity of 14.25%. 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 previous year, the firm posted $0.04 EPS. The firm’s revenue was up 272.4% compared to the same quarter last year. Equities research analysts predict that Tilly’s Inc will post 0.74 earnings per share for the current year.

In related news, CFO Michael Henry acquired 12,795 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost of $7.89 per share, with a total value of $100,952.55. Following the acquisition, the chief financial officer now owns 34,290 shares of the company’s stock, valued at approximately $270,548.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet Kerr sold 3,268 shares of Tilly’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $7.84, for a total transaction of $25,621.12. Following the sale, the director now directly owns 20,375 shares of the company’s stock, valued at $159,740. The disclosure for this sale can be found here. Insiders own 48.26% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TLYS. Public Employees Retirement System of Ohio purchased a new position in Tilly’s in the 2nd quarter worth $29,000. Legal & General Group Plc raised its position in Tilly’s by 46.4% in the 4th quarter. Legal & General Group Plc now owns 3,169 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 1,004 shares during the period. Meeder Asset Management Inc. purchased a new position in Tilly’s in the 2nd quarter worth $42,000. BNP Paribas Arbitrage SA raised its position in Tilly’s by 157.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,296 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 2,626 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in Tilly’s by 403.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,728 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 4,591 shares during the period. 73.09% of the stock is owned by institutional investors.

About Tilly’s (NYSE:TLYS)

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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