Tilly’s, Inc. (TLYS) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Tilly’s, Inc. (NYSE:TLYS) from a sell rating to a hold rating in a research report report published on Tuesday morning.

A number of other brokerages have also recently issued reports on TLYS. Roth Capital set a $12.00 price objective on shares of Tilly’s and gave the company a buy rating in a research note on Wednesday, August 23rd. ValuEngine cut shares of Tilly’s from a buy rating to a hold rating in a research note on Friday, September 1st. B. Riley restated a buy rating and issued a $13.00 price objective on shares of Tilly’s in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Tilly’s from a hold rating to a buy rating and set a $12.00 price objective for the company in a research note on Tuesday, August 29th. Finally, TheStreet upgraded shares of Tilly’s from a c+ rating to a b- rating in a research note on Tuesday, June 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $11.60.

Shares of Tilly’s (TLYS) opened at 11.55 on Tuesday. The stock has a 50 day moving average of $11.48 and a 200 day moving average of $10.07. Tilly’s has a 52-week low of $8.02 and a 52-week high of $15.29. The company has a market cap of $332.89 million, a P/E ratio of 27.63 and a beta of -0.45.

Tilly’s (NYSE:TLYS) last released its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The firm had revenue of $138.80 million during the quarter, compared to analysts’ expectations of $136.46 million. Tilly’s had a net margin of 2.09% and a return on equity of 8.85%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. On average, equities analysts anticipate that Tilly’s will post $0.54 earnings per share for the current fiscal year.

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In other news, insider Hezy Shaked sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $8.94, for a total value of $89,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Tilly Levine sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $11.60, for a total transaction of $232,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 395,000 shares of company stock valued at $4,494,033. Corporate insiders own 50.12% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of Tilly’s by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 14,358 shares of the specialty retailer’s stock worth $146,000 after purchasing an additional 580 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Tilly’s during the 2nd quarter worth about $151,000. Cornerstone Capital Management Holdings LLC. grew its holdings in Tilly’s by 59.8% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 21,100 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 7,900 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Tilly’s by 28.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 39,827 shares of the specialty retailer’s stock worth $360,000 after acquiring an additional 8,783 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in Tilly’s by 8.8% during the 2nd quarter. Susquehanna International Group LLP now owns 40,458 shares of the specialty retailer’s stock worth $411,000 after acquiring an additional 3,258 shares during the last quarter. 40.31% of the stock is currently owned by institutional investors and hedge funds.

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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