Tilly's (NYSE:TLYS – Get Rating) updated its third quarter 2022 earnings guidance on Thursday. The company provided EPS guidance of $0.05-$0.11 for the period, compared to the consensus EPS estimate of $0.21. The company issued revenue guidance of $165.00 million-$170.00 million, compared to the consensus revenue estimate of $172.22 million.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Roth Capital cut their target price on Tilly's from $10.00 to $9.00 and set a buy rating for the company in a research note on Friday, September 2nd. StockNews.com downgraded Tilly's from a buy rating to a hold rating in a research note on Wednesday, June 8th. Seaport Res Ptn downgraded Tilly's from a buy rating to a neutral rating in a research report on Friday, September 2nd. Finally, B. Riley cut their price objective on Tilly's from $12.00 to $10.00 and set a buy rating for the company in a research report on Tuesday, September 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $9.50.
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Tilly's Price Performance
NYSE TLYS opened at $7.34 on Friday. The company has a market cap of $221.01 million, a P/E ratio of 6.12 and a beta of 1.86. The stock has a 50-day moving average of $7.69 and a two-hundred day moving average of $8.40. Tilly's has a 1-year low of $6.65 and a 1-year high of $17.80.
Tilly's (NYSE:TLYS – Get Rating) last announced its quarterly earnings data on Thursday, September 1st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Tilly's had a net
margin of 5.18% and a return on equity of 21.23%. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, analysts anticipate that Tilly's will post 0.36 EPS for the current fiscal year.
Insider Activity
In other news, Director Janet Kerr sold 8,000 shares of Tilly's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $7.18, for a total value of $57,440.00. Following the completion of the transaction, the director now owns 34,414 shares in the company, valued at approximately $247,092.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Janet Kerr sold 8,000 shares of Tilly's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $7.18, for a total value of $57,440.00. Following the completion of the transaction, the director now owns 34,414 shares in the company, valued at approximately $247,092.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hezy Shaked acquired 41,000 shares of the firm's stock in a transaction dated Tuesday, September 13th. The stock was bought at an average price of $6.96 per share, with a total value of $285,360.00. Following the purchase, the insider now directly owns 101,000 shares in the company, valued at approximately $702,960. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 45,300 shares of company stock worth $315,127. 26.71% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Tilly's
Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in Tilly's during the second quarter worth approximately $29,000. Advisor Group Holdings Inc. lifted its stake in Tilly's by 11,387.1% during the first quarter. Advisor Group Holdings Inc. now owns 7,122 shares of the specialty retailer's stock worth $67,000 after purchasing an additional 7,060 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Tilly's by 159.1% during the second quarter. BNP Paribas Arbitrage SA now owns 9,897 shares of the specialty retailer's stock worth $69,000 after purchasing an additional 6,077 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Tilly's by 15.9% during the second quarter. JPMorgan Chase & Co. now owns 12,320 shares of the specialty retailer's stock worth $86,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Prelude Capital Management LLC purchased a new stake in Tilly's during the first quarter worth approximately $219,000. Hedge funds and other institutional investors own 60.52% of the company's stock.
Tilly's Company Profile
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Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods 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, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others, as well as hardgoods consists of skateboards, longboards, bikes, roller-skates, and equipment for snowboarding and surfing.
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