Tilly’s (NYSE:TLYS) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Tilly’s (NYSE:TLYS) from a sell rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

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 brokerages have also commented on TLYS. TheStreet lowered shares of Tilly’s from a b- rating to a c+ rating in a report on Tuesday, June 25th. B. Riley set a $14.00 price objective on shares of Tilly’s and gave the stock a buy rating in a report on Thursday, May 30th. Finally, ValuEngine lowered shares of Tilly’s from a sell rating to a strong sell rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $15.00.

NYSE TLYS traded up $0.03 during trading on Thursday, hitting $7.86. The company had a trading volume of 217,455 shares, compared to its average volume of 263,668. The company has a current ratio of 1.65, a quick ratio of 1.11 and a debt-to-equity ratio of 1.35. Tilly’s has a one year low of $7.63 and a one year high of $25.46. The firm has a market capitalization of $231.16 million, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.96 and a beta of 0.70. The stock has a fifty day simple moving average of $8.02.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings data on Wednesday, May 29th. The specialty retailer reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Tilly’s had a net margin of 4.21% and a return on equity of 14.25%. The business had revenue of $460.30 million during the quarter, compared to analyst estimates of $128.84 million. During the same period in the prior year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 272.4% on a year-over-year basis. As a group, equities research analysts expect that Tilly’s will post 0.74 EPS for the current fiscal year.

In related news, Director Janet Kerr sold 3,268 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $7.84, for a total value of $25,621.12. Following the completion of the transaction, the director now directly owns 20,375 shares in the company, valued at approximately $159,740. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Henry purchased 12,795 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of $7.89 per share, with a total value of $100,952.55. Following the completion of the purchase, the chief financial officer now owns 34,290 shares in the company, valued at $270,548.10. The disclosure for this purchase can be found here. 48.26% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of TLYS. Legal & General Group Plc grew its position in Tilly’s by 46.4% during the 4th quarter. Legal & General Group Plc now owns 3,169 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 1,004 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Tilly’s by 157.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,296 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 2,626 shares during the last quarter. Citigroup Inc. grew its position in Tilly’s by 23.4% during the 4th quarter. Citigroup Inc. now owns 4,905 shares of the specialty retailer’s stock valued at $53,000 after purchasing an additional 929 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Tilly’s by 403.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,728 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 4,591 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Tilly’s during the 1st quarter valued at about $77,000. Institutional investors own 72.49% of the company’s stock.

Tilly’s Company Profile

Tilly's, Inc retails casual apparel, footwear, and accessories for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hats, sunglasses, headphones, handbags, watches, jewelry, and others.

See Also: Liquidity

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Analyst Recommendations for Tilly`s (NYSE:TLYS)

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