Tilly’s (NYSE:TLYS) PT Raised to $12.00

Tilly’s (NYSE:TLYS) had its price objective increased by investment analysts at B. Riley from $11.00 to $12.00 in a note issued to investors on Tuesday, The Fly reports. The firm currently has a “buy” rating on the specialty retailer’s stock. B. Riley’s target price points to a potential upside of 15.94% from the company’s previous close. B. Riley also issued estimates for Tilly’s’ FY2022 earnings at $0.60 EPS.

A number of other brokerages also recently issued reports on TLYS. BidaskClub upgraded Tilly’s from a “hold” rating to a “buy” rating in a research report on Thursday, January 7th. Pivotal Research lifted their price target on Tilly’s from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded Tilly’s from a “buy” rating to a “hold” rating in a research report on Saturday, November 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $9.50.

TLYS stock opened at $10.35 on Tuesday. The firm has a market capitalization of $308.23 million, a PE ratio of 1,035.00 and a beta of 1.63. The stock has a 50-day simple moving average of $8.59 and a two-hundred day simple moving average of $7.03. Tilly’s has a twelve month low of $3.46 and a twelve month high of $10.76.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Thursday, December 3rd. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.08. The firm had revenue of $140.28 million during the quarter, compared to the consensus estimate of $132.08 million. Tilly’s had a return on equity of 0.64% and a net margin of 0.10%. As a group, sell-side analysts expect that Tilly’s will post -0.32 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its position in Tilly’s by 238.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,345 shares of the specialty retailer’s stock worth $32,000 after buying an additional 3,764 shares during the last quarter. JBF Capital Inc. bought a new stake in Tilly’s in the 3rd quarter worth approximately $48,000. Paloma Partners Management Co bought a new stake in Tilly’s in the 3rd quarter worth approximately $62,000. Principal Financial Group Inc. bought a new stake in Tilly’s in the 2nd quarter worth approximately $68,000. Finally, Aigen Investment Management LP bought a new stake in Tilly’s in the third quarter valued at approximately $77,000. Institutional investors own 65.07% of the company’s stock.

Tilly’s Company Profile

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, hydration bottles, hats, sunglasses, ear buds, handbags, watches, jewelry, and others.

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