Tilly's Inc (TLYS) Rating Lowered to Hold at Zacks Investment Research
Tilly's Inc (NASDAQ:TLYS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Tilly's in a research note on Thursday, August 25th. SunTrust Banks Inc. reiterated a “neutral” rating and issued a $8.00 target price (up from $6.50) on shares of Tilly's in a report on Friday, August 26th. Mizuho reiterated a “neutral” rating and issued a $7.00 target price (up from $6.50) on shares of Tilly's in a report on Thursday, August 25th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $12.00 target price (up from $10.00) on shares of Tilly's in a report on Friday, August 26th. Finally, B. Riley reiterated a “buy” rating and issued a $12.00 target price on shares of Tilly's in a report on Wednesday, September 21st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.75.
Tilly's (NASDAQ:TLYS) opened at 10.54 on Thursday. The company’s 50-day moving average is $9.49 and its 200 day moving average is $7.35. Tilly's has a 12 month low of $5.49 and a 12 month high of $10.86. The firm has a market cap of $300.89 million and a price-to-earnings ratio of 68.44.
Tilly's (NASDAQ:TLYS) last announced its quarterly earnings data on Wednesday, August 24th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. The business earned $136.41 million during the quarter, compared to analyst estimates of $132.69 million. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. On average, equities research analysts predict that Tilly's will post $0.27 earnings per share for the current year.
In related news, major shareholder Tilly Levine sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $9.29, for a total transaction of $139,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Several hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. bought a new stake in Tilly's during the third quarter valued at approximately $115,000. Citadel Advisors LLC bought a new stake in Tilly's during the third quarter valued at approximately $126,000. Rhumbline Advisers boosted its stake 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 in the last quarter. Smith Asset Management Group LP boosted its stake in Tilly's by 69.3% in the second quarter. Smith Asset Management Group LP now owns 18,320 shares of the company’s stock valued at $106,000 after buying an additional 7,500 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in Tilly's during the second quarter valued at approximately $140,000.
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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