Harvest Fund Management Co. Ltd acquired a new position in Tilly’s Inc (NYSE:TLYS) during the third quarter, Holdings Channel reports. The firm acquired 7,292 shares of the specialty retailer’s stock, valued at approximately $138,000.
Other hedge funds have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in Tilly’s in the 2nd quarter worth $222,000. Dynamic Technology Lab Private Ltd acquired a new position in Tilly’s in the 2nd quarter worth $262,000. Citadel Advisors LLC lifted its holdings in Tilly’s by 222.5% in the 2nd quarter. Citadel Advisors LLC now owns 19,225 shares of the specialty retailer’s stock worth $291,000 after buying an additional 34,925 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Tilly’s by 80.4% in the 2nd quarter. Engineers Gate Manager LP now owns 24,192 shares of the specialty retailer’s stock worth $367,000 after buying an additional 10,780 shares in the last quarter. Finally, Putnam Investments LLC acquired a new position in Tilly’s in the 2nd quarter worth $427,000. Hedge funds and other institutional investors own 48.52% of the company’s stock.
TLYS opened at $16.68 on Friday. The stock has a market capitalization of $488.86 million, a PE ratio of 19.17, a P/E/G ratio of 1.85 and a beta of 0.13. Tilly’s Inc has a 1-year low of $10.72 and a 1-year high of $25.46.
Tilly’s (NYSE:TLYS) last released its earnings results on Wednesday, August 29th. The specialty retailer reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The company had revenue of $157.41 million during the quarter, compared to the consensus estimate of $155.30 million. Tilly’s had a net margin of 4.41% and a return on equity of 15.08%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, equities research analysts forecast that Tilly’s Inc will post 0.9 earnings per share for the current fiscal year.
In related news, insider Hezy Shaked sold 2,879,049 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $18.50, for a total transaction of $53,262,406.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janet Kerr sold 7,500 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $18.46, for a total transaction of $138,450.00. Following the sale, the director now directly owns 17,579 shares of the company’s stock, valued at approximately $324,508.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,443,521 shares of company stock valued at $100,723,314. Insiders own 48.26% of the company’s stock.
Several equities research analysts have recently weighed in on TLYS shares. Zacks Investment Research raised shares of Tilly’s from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Saturday, September 1st. William Blair raised shares of Tilly’s from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 30th. Pivotal Research started coverage on shares of Tilly’s in a research report on Monday, August 13th. They issued a “buy” rating and a $19.00 target price for the company. Roth Capital set a $22.00 target price on shares of Tilly’s and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, B. Riley boosted their target price on shares of Tilly’s from $17.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Tilly’s currently has a consensus rating of “Buy” and a consensus price target of $22.60.
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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