Research Analysts Set Expectations for Tilly’s, Inc.’s FY2022 Earnings (NYSE:TLYS)

Tilly’s, Inc. (NYSE:TLYS) – Analysts at William Blair reduced their FY2022 earnings estimates for shares of Tilly’s in a research report issued to clients and investors on Monday, January 10th. William Blair analyst S. Zackfia now forecasts that the specialty retailer will post earnings of $2.10 per share for the year, down from their previous estimate of $2.18. William Blair also issued estimates for Tilly’s’ Q4 2022 earnings at $0.42 EPS, Q1 2023 earnings at $0.20 EPS, Q3 2023 earnings at $0.42 EPS and FY2023 earnings at $1.67 EPS.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Tilly’s from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, December 8th. B. Riley upped their target price on Tilly’s from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 3rd.

NYSE:TLYS opened at $12.96 on Thursday. Tilly’s has a 52-week low of $9.30 and a 52-week high of $17.80. The firm has a market cap of $401.32 million, a price-to-earnings ratio of 6.58 and a beta of 2.03. The business’s fifty day moving average is $15.58 and its 200 day moving average is $15.14.

Tilly’s (NYSE:TLYS) last released its quarterly earnings data on Thursday, December 2nd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.33. Tilly’s had a return on equity of 34.94% and a net margin of 8.15%. The company had revenue of $206.10 million for the quarter, compared to analyst estimates of $190.02 million. During the same period in the previous year, the company posted $0.07 EPS.

The firm also recently announced a dividend, which was paid on Wednesday, December 15th. Shareholders of record on Tuesday, December 7th were paid a $1.00 dividend. The ex-dividend date was Monday, December 6th.

In other news, Director Bernard Zeichner sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 8th. The stock was sold at an average price of $16.00, for a total value of $80,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Henry sold 33,505 shares of the company’s stock in a transaction dated Wednesday, December 8th. The stock was sold at an average price of $15.91, for a total value of $533,064.55. The disclosure for this sale can be found here. Insiders sold a total of 66,161 shares of company stock worth $1,058,326 over the last 90 days. Corporate insiders own 28.16% of the company’s stock.

A number of hedge funds have recently modified their holdings of TLYS. Goldman Sachs Group Inc. boosted its holdings in Tilly’s by 154.9% during the 3rd quarter. Goldman Sachs Group Inc. now owns 621,648 shares of the specialty retailer’s stock valued at $8,710,000 after acquiring an additional 377,732 shares during the period. Royal Bank of Canada boosted its holdings in Tilly’s by 63.9% during the 3rd quarter. Royal Bank of Canada now owns 849,462 shares of the specialty retailer’s stock valued at $11,902,000 after acquiring an additional 331,153 shares during the period. Two Sigma Advisers LP boosted its holdings in Tilly’s by 73.0% during the 3rd quarter. Two Sigma Advisers LP now owns 419,600 shares of the specialty retailer’s stock valued at $5,879,000 after acquiring an additional 177,100 shares during the period. Marshall Wace LLP purchased a new stake in Tilly’s during the 2nd quarter valued at about $2,006,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Tilly’s by 417.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 144,809 shares of the specialty retailer’s stock valued at $2,029,000 after acquiring an additional 116,820 shares during the period. Institutional investors own 64.68% of the company’s stock.

Tilly’s Company Profile

Tilly’s, Inc engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA.

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Earnings History and Estimates for Tilly's (NYSE:TLYS)

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