Tilly’s (NYSE:TLYS) Posts Earnings Results

Tilly’s (NYSE:TLYS) announced its earnings results on Wednesday. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.11, Briefing.com reports. Tilly’s had a net margin of 4.11% and a return on equity of 14.74%. The firm had revenue of $161.70 million for the quarter, compared to analyst estimates of $156.67 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Tilly’s updated its Q3 2019 guidance to $0.18-0.22 EPS and its Q3 guidance to $0.18-0.22 EPS.

Shares of Tilly’s stock opened at $10.71 on Friday. The company has a 50 day moving average of $8.28 and a 200-day moving average of $9.91. Tilly’s has a 1-year low of $7.62 and a 1-year high of $25.46. 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 company has a market cap of $257.43 million, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.07 and a beta of 0.70.

In other news, Director Janet Kerr sold 3,268 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $7.84, for a total transaction of $25,621.12. Following the completion of the sale, the director now owns 20,375 shares of the company’s stock, valued at approximately $159,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Henry purchased 12,795 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were purchased 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 in the company, valued at approximately $270,548.10. The disclosure for this purchase can be found here. Corporate insiders own 48.26% of the company’s stock.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Tilly’s in the 2nd quarter valued at approximately $29,000. Legal & General Group Plc lifted its stake 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 valued at $34,000 after purchasing an additional 1,004 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Tilly’s in the 2nd quarter valued at approximately $42,000. BNP Paribas Arbitrage SA lifted its stake 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 valued at $48,000 after purchasing an additional 2,626 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Tilly’s in the 1st quarter valued at approximately $77,000. 73.09% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on TLYS shares. ValuEngine upgraded shares of Tilly’s from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 15th. Pivotal Research restated a “buy” rating and set a $12.00 target price on shares of Tilly’s in a research report on Thursday. B. Riley set a $14.00 target price on shares of Tilly’s and gave the stock a “buy” rating in a research report on Monday, August 26th. TheStreet lowered shares of Tilly’s from a “b-” rating to a “c+” rating in a research report on Tuesday, June 25th. Finally, Zacks Investment Research downgraded shares of Tilly’s from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $14.60.

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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Earnings History for Tilly`s (NYSE:TLYS)

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