Tilly’s, Inc. (TLYS) Cut to “Hold” at ValuEngine
ValuEngine downgraded shares of Tilly’s, Inc. (NYSE:TLYS) from a buy rating to a hold rating in a research report sent to investors on Friday.
A number of other research analysts also recently commented on the stock. B. Riley reaffirmed a buy rating and set a $13.00 price objective on shares of Tilly’s in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Tilly’s from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Tuesday, August 29th. Roth Capital set a $12.00 price objective on shares of Tilly’s and gave the company a buy rating in a research report on Wednesday, August 23rd. BidaskClub downgraded shares of Tilly’s from a hold rating to a sell rating in a research report on Monday, August 14th. Finally, TheStreet raised shares of Tilly’s from a c+ rating to a b- rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $11.60.
Tilly’s (TLYS) opened at 11.07 on Friday. Tilly’s has a 1-year low of $8.02 and a 1-year high of $15.29. The stock has a market cap of $319.06 million, a P/E ratio of 26.48 and a beta of -0.47. The firm’s 50-day moving average is $9.93 and its 200-day moving average is $9.80.
Tilly’s (NYSE:TLYS) last announced its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. Tilly’s had a net margin of 2.09% and a return on equity of 8.85%. The firm had revenue of $138.80 million for the quarter, compared to the consensus estimate of $136.46 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts forecast that Tilly’s will post $0.54 EPS for the current year.
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In other news, major shareholder Tilly Levine sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $9.72, for a total value of $194,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hezy Shaked sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $8.94, for a total transaction of $89,400.00. The disclosure for this sale can be found here. Insiders sold 100,600 shares of company stock valued at $991,206 over the last 90 days. 53.41% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of TLYS. Nisa Investment Advisors LLC acquired a new stake in shares of Tilly’s in the first quarter worth $105,000. Airain ltd acquired a new position in Tilly’s during the 1st quarter valued at $116,000. Rhumbline Advisers raised its stake in Tilly’s by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 14,358 shares of the specialty retailer’s stock valued at $146,000 after purchasing an additional 580 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Tilly’s during the 2nd quarter valued at $151,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake 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 valued at $213,000 after purchasing an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 40.37% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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