Tilly's (NYSE:TLYS) Announces Earnings Results

Key Points

• Tilly’s exceeded quarterly expectations, reporting adjusted EPS of $0.27 versus the $0.17 consensus estimate and revenue of $163.51 million compared with $157.00 million expected.
• Despite the earnings beat, shares fell 3.9% to $3.81, while the company continued to post a negative net margin of 0.57% and negative return on equity of 3.98%.
• Analyst sentiment remains cautious, with two Hold ratings and one Sell rating producing an overall “Reduce” consensus and a $5.50 target price; institutional investors own 76.38% of the stock.

Tilly's (NYSE:TLYS - Get Free Report) released its quarterly earnings data on Wednesday. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.10, FiscalAI reports. The firm had revenue of $163.51 million during the quarter, compared to analyst estimates of $157.00 million. Tilly's had a negative return on equity of 3.98% and a negative net margin of 0.57%.

Tilly's Stock Down 3.9%

Tilly's stock traded down $0.15 during midday trading on Wednesday, reaching $3.81. The stock had a trading volume of 1,726,488 shares, compared to its average volume of 641,363. The firm has a market capitalization of $116.04 million, a PE 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. The firm's 50-day moving average price is $4.00 and its 200 day moving average price is $3.82.

Hedge Funds Weigh In On Tilly's

Several large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings 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 worth $75,000 after buying an additional 4,193 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Tilly's in the second quarter worth $27,000. Corient Private Wealth LLC purchased a new stake in shares of Tilly's in the second quarter worth $48,000. CIBC Bancorp USA Inc. bought a new stake in Tilly's during the third quarter valued at $82,000. Finally, Squarepoint Ops LLC purchased a new position in Tilly's during the third quarter worth about $97,000. Hedge funds and other institutional investors own 76.38% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on TLYS shares. Weiss Ratings restated a "sell (d-)" rating on shares of Tilly's in a report on Monday, June 15th. Zacks Research cut Tilly's from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Roth Capital reissued a "neutral" rating and issued a $5.50 price objective on shares of Tilly's in a research report on Monday, June 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $5.50.

About Tilly's

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.

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