Short Interest in Tilly’s Inc (NYSE:TLYS) Drops By 9.0%

Tilly’s Inc (NYSE:TLYS) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 694,800 shares, a drop of 9.0% from the June 30th total of 763,500 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 343,900 shares, the days-to-cover ratio is currently 2.0 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TLYS. D. E. Shaw & Co. Inc. increased its holdings in Tilly’s by 244.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 327,032 shares of the specialty retailer’s stock worth $2,495,000 after purchasing an additional 232,086 shares in the last quarter. Jefferies Group LLC bought a new stake in Tilly’s in the second quarter worth approximately $137,000. Connors Investor Services Inc. increased its holdings in Tilly’s by 46.2% in the second quarter. Connors Investor Services Inc. now owns 19,000 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 6,000 shares in the last quarter. AQR Capital Management LLC increased its holdings in Tilly’s by 5.7% in the second quarter. AQR Capital Management LLC now owns 803,999 shares of the specialty retailer’s stock worth $6,135,000 after purchasing an additional 43,490 shares in the last quarter. Finally, Divisar Capital Management LLC increased its holdings in Tilly’s by 37.6% in the second quarter. Divisar Capital Management LLC now owns 1,906,210 shares of the specialty retailer’s stock worth $14,544,000 after purchasing an additional 520,800 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Shares of NYSE TLYS traded down $0.10 during trading hours on Thursday, hitting $8.02. The company had a trading volume of 11,766 shares, compared to its average volume of 256,268. The stock has a market capitalization of $237.65 million, a PE ratio of 9.93, a P/E/G ratio of 0.99 and a beta of 0.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.65 and a quick ratio of 1.11. Tilly’s has a 1-year low of $7.62 and a 1-year high of $25.46. The firm’s 50 day moving average price is $8.03.

Tilly’s (NYSE:TLYS) last released its quarterly earnings data on Wednesday, May 29th. The specialty retailer reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $460.30 million during the quarter, compared to the consensus estimate of $128.84 million. Tilly’s had a return on equity of 14.25% and a net margin of 4.21%. The firm’s revenue for the quarter was up 272.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. Equities research analysts expect that Tilly’s will post 0.74 EPS for the current year.

A number of analysts have recently commented on TLYS shares. Zacks Investment Research raised Tilly’s from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet downgraded Tilly’s from a “b-” rating to a “c+” rating in a research report on Tuesday, June 25th. B. Riley set a $14.00 price target on Tilly’s and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, ValuEngine raised Tilly’s from a “strong sell” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.00.

About Tilly’s

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.

Recommended Story: Are sell-side analysts objective?

Receive News & Ratings for Tilly's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tilly's and related companies with MarketBeat.com's FREE daily email newsletter.