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.
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.
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