Tilly's Inc (TLYS) Issues Q4 Earnings Guidance
Tilly's Inc (NASDAQ:TLYS) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.15-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18.
Several research analysts have weighed in on the company. Zacks Investment Research cut Tilly's from a strong-buy rating to a hold rating in a research report on Thursday, November 17th. B. Riley reissued a buy rating and issued a $12.00 price objective on shares of Tilly's in a research report on Friday, September 16th. SunTrust Banks Inc. reissued a neutral rating and issued a $8.00 price objective (up previously from $6.50) on shares of Tilly's in a research report on Friday, August 26th. Piper Jaffray Cos. reissued an overweight rating and issued a $12.00 price objective (up previously from $10.00) on shares of Tilly's in a research report on Friday, August 26th. Finally, Mizuho reissued a neutral rating and issued a $7.00 price objective (up previously from $6.50) on shares of Tilly's in a research report on Thursday, August 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Tilly's currently has an average rating of Hold and an average target price of $9.75.
Shares of Tilly's Inc (NASDAQ:TLYS) traded down 4.17% on Wednesday, hitting $9.87. The stock had a trading volume of 373,727 shares. The stock has a market cap of $281.76 million and a PE ratio of 64.09. Tilly's Inc has a 12 month low of $5.49 and a 12 month high of $10.88. The stock has a 50 day moving average of $9.75 and a 200-day moving average of $7.68.
Tilly's (NASDAQ:TLYS) last issued its quarterly earnings results on Wednesday, November 30th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.11. The company earned $152.10 million during the quarter, compared to analysts’ expectations of $143 million. Tilly's’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Equities research analysts anticipate that Tilly's Inc will post $0.27 EPS for the current year.
In related news, major shareholder Tilly Levine sold 30,000 shares of the stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $9.42, for a total transaction of $282,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hezy Shaked sold 15,000 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $10.55, for a total transaction of $158,250.00. The disclosure for this sale can be found here.
Institutional investors have recently bought and sold shares of the stock. KCG Holdings Inc. bought a new position in Tilly's during the third quarter valued at $115,000. Citadel Advisors LLC bought a new position in Tilly's during the third quarter valued at $126,000. Rhumbline Advisers raised its position in Tilly's by 1.5% in the third quarter. Rhumbline Advisers now owns 13,712 shares of the company’s stock valued at $129,000 after buying an additional 200 shares during the last quarter. A.R.T. Advisors LLC bought a new position in Tilly's during the second quarter valued at $198,000. Finally, BlackRock Investment Management LLC raised its position in Tilly's by 2.0% in the second quarter. BlackRock Investment Management LLC now owns 45,541 shares of the company’s stock valued at $264,000 after buying an additional 896 shares during the last quarter.
Tilly's Company Profile
Tilly’s, Inc is a destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. The Company offers an unparalleled selection of relevant brands, styles, colors, sizes and price points. The Company’s apparel merchandise includes branded, fashion and styles for tops, outerwear, bottoms and dresses.
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