Tilly's Inc (TLYS) Issues Q4 Earnings Guidance
Tilly's Inc (NASDAQ:TLYS) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.15-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18.
Tilly's Inc (NASDAQ:TLYS) traded down 4.17% during trading on Wednesday, reaching $9.87. The company had a trading volume of 373,727 shares. The firm has a market capitalization of $281.76 million and a P/E ratio of 64.09. The firm’s 50-day moving average price is $9.75 and its 200 day moving average price is $7.68. Tilly's Inc has a one year low of $5.49 and a one year high of $10.88.
Tilly's (NASDAQ:TLYS) last posted its quarterly earnings data on Wednesday, November 30th. The company reported $0.22 EPS 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 analyst estimates of $143 million. Tilly's’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities analysts forecast that Tilly's Inc will post $0.27 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Tilly's from a strong-buy rating to a hold rating in a research note on Thursday, November 17th. B. Riley reissued a buy rating and issued a $12.00 price target on shares of Tilly's in a research note on Wednesday, September 21st. SunTrust Banks Inc. reissued a neutral rating and issued a $8.00 price target (up from $6.50) on shares of Tilly's in a research note on Friday, August 26th. Piper Jaffray Cos. reissued an overweight rating and issued a $12.00 price target (up from $10.00) on shares of Tilly's in a research note on Friday, August 26th. Finally, Stifel Nicolaus reissued a hold rating on shares of Tilly's in a research note on Thursday, August 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Tilly's currently has an average rating of Hold and a consensus price target of $9.75.
In other news, major shareholder Tilly Levine sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $9.68, for a total transaction of $484,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hezy Shaked sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $9.44, for a total value of $141,600.00. The disclosure for this sale can be found here.
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Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Tilly's by 28.8% in the second quarter. Dimensional Fund Advisors LP now owns 504,061 shares of the company’s stock valued at $2,919,000 after buying an additional 112,723 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Tilly's by 4.1% in the second quarter. Prudential Financial Inc. now owns 126,310 shares of the company’s stock valued at $731,000 after buying an additional 5,000 shares during the period. Vanguard Group Inc. increased its stake in shares of Tilly's by 6.7% in the second quarter. Vanguard Group Inc. now owns 435,407 shares of the company’s stock valued at $2,521,000 after buying an additional 27,299 shares during the period. BlackRock Investment Management LLC increased its stake in shares of 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 period. Finally, BlackRock Fund Advisors increased its stake in shares of Tilly's by 6.4% in the second quarter. BlackRock Fund Advisors now owns 322,069 shares of the company’s stock valued at $1,865,000 after buying an additional 19,272 shares during the period.
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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