Tilly’s, Inc. (NYSE:TLYS) Downgraded to Hold at Zacks Investment Research

Tilly’s, Inc. (NYSE:TLYS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, October 25th.

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 analysts also recently issued reports on the company. TheStreet upgraded Tilly’s from a “c+” rating to a “b-” rating in a research note on Tuesday, June 27th. BidaskClub upgraded Tilly’s from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. ValuEngine downgraded Tilly’s from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Roth Capital set a $12.00 target price on Tilly’s and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of Tilly’s in a report on Tuesday, August 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.60.

Tilly’s (TLYS) opened at $12.27 on Wednesday. Tilly’s has a 52 week low of $8.02 and a 52 week high of $15.29. The company has a market capitalization of $339.23, a price-to-earnings ratio of 21.80 and a beta of -0.55.

Tilly’s (NYSE:TLYS) last announced its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Tilly’s had a return on equity of 8.85% and a net margin of 2.09%. The company had revenue of $138.80 million for the quarter, compared to analyst estimates of $136.46 million. During the same period in the previous year, the firm earned $0.05 earnings per share. Tilly’s’s revenue for the quarter was up 1.8% compared to the same quarter last year. sell-side analysts forecast that Tilly’s will post 0.54 EPS for the current year.

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In other news, insider Hezy Shaked sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $8.94, for a total transaction of $89,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tilly Levine sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.60, for a total transaction of $232,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 550,000 shares of company stock worth $6,348,333. Company insiders own 50.12% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Paradigm Capital Management Inc. NY lifted its holdings in shares of Tilly’s by 36.5% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,271,300 shares of the specialty retailer’s stock worth $15,243,000 after acquiring an additional 339,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Tilly’s by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,159,994 shares of the specialty retailer’s stock worth $11,774,000 after acquiring an additional 81,276 shares during the last quarter. Divisar Capital Management LLC raised its position in Tilly’s by 32.7% in the 2nd quarter. Divisar Capital Management LLC now owns 727,525 shares of the specialty retailer’s stock worth $7,384,000 after purchasing an additional 179,460 shares during the period. Emerald Advisers Inc. PA raised its position in Tilly’s by 10.9% in the 3rd quarter. Emerald Advisers Inc. PA now owns 667,012 shares of the specialty retailer’s stock worth $7,997,000 after purchasing an additional 65,604 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Tilly’s by 70.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 332,322 shares of the specialty retailer’s stock worth $3,373,000 after purchasing an additional 137,209 shares during the period. 40.81% of the stock is owned by institutional investors.

About Tilly’s

Tilly’s, Inc is a destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. The Company offers an unparalleled selection of relevant brands, styles, colors, sizes and price points. The Company’s apparel merchandise includes branded, fashion and styles for tops, outerwear, bottoms and dresses.

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