Tilly’s (NYSE:TLYS) Releases Earnings Results, Beats Expectations By $0.10 EPS

Tilly’s (NYSE:TLYS) released its quarterly earnings data on Wednesday. The specialty retailer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.17 by $0.10, 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 Trading Down 3.9%

Shares of NYSE:TLYS traded down $0.15 during trading on Wednesday, reaching $3.81. The company had a trading volume of 2,757,859 shares, compared to its average volume of 642,106. The company has a fifty day moving average of $4.00 and a two-hundred day moving average of $3.82. The stock has a market capitalization of $116.04 million, a P/E ratio of -34.61 and a beta of 0.13. Tilly’s has a 12 month low of $1.14 and a 12 month high of $5.90.

Wall Street Analyst Weigh In

Several brokerages have commented on TLYS. Roth Capital restated a “neutral” rating and issued a $5.50 target price on shares of Tilly’s in a research note on Monday, June 8th. 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tilly’s in a research report on Monday, June 15th. 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, Tilly’s currently has an average rating of “Reduce” and a consensus target price of $5.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC raised its position in Tilly’s by 27.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 65,931 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 14,400 shares in the last quarter. State Street Corp boosted its stake in Tilly’s by 10.5% in the fourth quarter. State Street Corp now owns 107,108 shares of the specialty retailer’s stock worth $213,000 after buying an additional 10,200 shares in the last quarter. Cibc World Markets Corp bought a new position in Tilly’s during the fourth quarter valued at approximately $189,000. Aristides Capital LLC raised its stake in shares of Tilly’s by 166.4% during the fourth quarter. Aristides Capital LLC now owns 160,373 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 100,170 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Tilly’s during the third quarter worth approximately $82,000. 76.38% of the stock is currently owned by hedge funds and other 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.