Tilly's Inc (TLYS) Releases Earnings Results, Beats Expectations By $0.11 EPS
Tilly's Inc (NASDAQ:TLYS) released its earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The company had revenue of $152.10 million for the quarter, compared to the consensus estimate of $143 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Tilly's updated its Q4 guidance to $0.15-0.20 EPS.
Tilly's (NASDAQ:TLYS) traded down 4.17% during trading on Wednesday, hitting $9.87. The stock had a trading volume of 373,727 shares. Tilly's has a 1-year low of $5.49 and a 1-year high of $10.88. The firm has a market capitalization of $281.76 million and a PE ratio of 64.09. The firm has a 50 day moving average price of $9.75 and a 200-day moving average price of $7.68.
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In other Tilly's news, major shareholder Tilly Levine sold 15,000 shares of the company’s stock in a transaction 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 can be accessed through this link.
A number of institutional investors have recently bought and sold shares of TLYS. Credit Suisse AG boosted its position in Tilly's by 256.2% in the third quarter. Credit Suisse AG now owns 54,859 shares of the company’s stock worth $515,000 after buying an additional 39,457 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Tilly's by 23.5% in the third quarter. Panagora Asset Management Inc. now owns 108,799 shares of the company’s stock worth $1,022,000 after buying an additional 20,667 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in Tilly's by 67.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 68,396 shares of the company’s stock worth $642,000 after buying an additional 27,578 shares in the last quarter. Two Sigma Advisers LP boosted its position in Tilly's by 207.3% in the third quarter. Two Sigma Advisers LP now owns 101,398 shares of the company’s stock worth $952,000 after buying an additional 68,400 shares in the last quarter. Finally, KCG Holdings Inc. bought a new position in Tilly's during the third quarter worth $115,000.
Several analysts recently issued reports on the company. Zacks Investment Research lowered Tilly's from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 17th. Mizuho reiterated a “neutral” rating and set a $7.00 target price (up previously from $6.50) on shares of Tilly's in a report on Thursday, August 25th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $12.00 target price (up previously from $10.00) on shares of Tilly's in a report on Friday, August 26th. Stifel Nicolaus restated a “hold” rating on shares of Tilly's in a research note on Thursday, August 25th. Finally, B. Riley restated a “buy” rating and issued a $9.50 price objective on shares of Tilly's in a research note on Tuesday, August 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tilly's presently has an average rating of “Hold” and a consensus price target of $9.75.
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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