Tilly’s (NYSE:TLYS) Posts Earnings Results, Beats Estimates By $0.11 EPS

Tilly’s (NYSE:TLYS) posted its earnings results on Wednesday. The specialty retailer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.16 by $0.11, FiscalAI reports. Tilly’s had a negative net margin of 0.57% and a negative return on equity of 3.98%. The company had revenue of $163.51 million during the quarter, compared to the consensus estimate of $157.00 million.

Tilly’s Price Performance

Shares of Tilly’s stock traded down $0.15 during trading hours on Wednesday, hitting $3.81. 1,726,488 shares of the company’s stock traded hands, compared to its average volume of 641,363. Tilly’s has a 12-month low of $1.14 and a 12-month high of $5.90. The stock has a market capitalization of $116.04 million, a price-to-earnings ratio of -34.61 and a beta of 0.13. The company has a fifty day simple moving average of $4.00 and a 200-day simple moving average of $3.82.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TLYS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tilly’s in a research note on Monday, June 15th. Zacks Research lowered shares of Tilly’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Roth Capital reiterated a “neutral” rating and issued a $5.50 price objective on shares of Tilly’s in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $5.50.

Hedge Funds Weigh In On Tilly’s

Institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in shares of Tilly’s during the 2nd quarter worth $27,000. Corient Private Wealth LLC bought a new position in Tilly’s in the 2nd quarter worth approximately $48,000. Marshall Wace LLP purchased a new position in Tilly’s in the 2nd quarter valued at approximately $70,000. Bank of America Corp DE grew its stake in Tilly’s by 31.4% in the 4th quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer’s stock valued at $75,000 after buying an additional 4,193 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Tilly’s during the 3rd quarter valued at $82,000. 76.38% of the stock is owned by institutional investors.

Tilly’s Company Profile

Tilly’s, Inc is an American specialty retailer of casual apparel, footwear, accessories and hardgoods. Founded in 1982 by Hezy Shaked and Tilly Levine, the company has grown from a single denim and tops store in Garden Grove, California, to a nationwide retail chain. Headquartered in Irvine, California, Tilly’s serves a youth-oriented market with an emphasis on surf, skate and streetwear brands.

The company’s merchandise assortment includes products from leading lifestyle brands such as Vans, Nike, Billabong and Quiksilver, alongside its own private-label offerings.