Tilly's Inc (NASDAQ:TLYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.
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. “
TLYS has been the topic of several other reports. Roth Capital set a $15.00 target price on Tilly's and gave the stock a “buy” rating in a report on Tuesday, January 31st. B. Riley reiterated a “buy” rating and set a $16.00 target price on shares of Tilly's in a report on Monday, February 6th. Mizuho reduced their target price on Tilly's from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, March 14th. Finally, Stifel Nicolaus set a $11.00 target price on Tilly's and gave the stock a “hold” rating in a report on Thursday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.50.
Shares of Tilly's (NASDAQ:TLYS) opened at 9.00 on Friday. The stock’s 50 day moving average price is $11.39 and its 200 day moving average price is $11.14. The company has a market cap of $258.87 million and a P/E ratio of 22.50. Tilly's has a 1-year low of $5.49 and a 1-year high of $15.29.
Tilly's (NASDAQ:TLYS) last posted its earnings results on Monday, March 13th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $160.22 million for the quarter, compared to the consensus estimate of $159.62 million. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Tilly's will post $0.39 earnings per share for the current year.
The company also recently declared a special dividend, which was paid on Friday, February 24th. Shareholders of record on Wednesday, February 15th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, February 13th.
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In other Tilly's news, insider Hezy Shaked sold 20,000 shares of Tilly's stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $12.00, for a total value of $240,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Tilly Levine sold 30,000 shares of Tilly's stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $13.42, for a total value of $402,600.00. The disclosure for this sale can be found here. Insiders sold a total of 250,000 shares of company stock worth $3,047,150 in the last three months.
Hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP purchased a new stake in Tilly's during the fourth quarter valued at about $157,000. Smith Asset Management Group LP increased its stake in Tilly's by 2.0% in the third quarter. Smith Asset Management Group LP now owns 18,690 shares of the company’s stock valued at $175,000 after buying an additional 370 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Tilly's by 563.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,242 shares of the company’s stock valued at $227,000 after buying an additional 14,643 shares in the last quarter. Acrospire Investment Management LLC increased its stake in Tilly's by 227.0% in the third quarter. Acrospire Investment Management LLC now owns 24,414 shares of the company’s stock valued at $229,000 after buying an additional 16,949 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its stake in Tilly's by 38.8% in the fourth quarter. Boothbay Fund Management LLC now owns 21,839 shares of the company’s stock valued at $288,000 after buying an additional 6,101 shares in the last quarter.
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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