Tilly’s (NYSE:TLYS) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Tilly’s (NYSE:TLYS) issued its earnings results on Wednesday. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.11, FiscalAI reports. The business had revenue of $163.51 million for the quarter, compared to analysts’ expectations 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 Trading Down 3.9%

NYSE:TLYS traded down $0.15 on Wednesday, hitting $3.81. 534,790 shares of the company’s stock traded hands, compared to its average volume of 641,056. The firm has a 50-day moving average price of $4.00 and a 200-day moving average price of $3.82. Tilly’s has a 1 year low of $1.14 and a 1 year high of $5.90. The company has a market cap of $116.04 million, a PE ratio of -34.61 and a beta of 0.13.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Tilly’s

Several institutional investors and hedge funds have recently modified their holdings of the stock. Shay Capital LLC increased its stake in shares of Tilly’s by 40.4% in the second quarter. Shay Capital LLC now owns 3,200,000 shares of the specialty retailer’s stock worth $4,416,000 after acquiring an additional 921,000 shares during the last quarter. Two Sigma Investments LP boosted its position in Tilly’s by 109.1% during the third quarter. Two Sigma Investments LP now owns 272,496 shares of the specialty retailer’s stock valued at $561,000 after purchasing an additional 142,165 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Tilly’s in the second quarter valued at about $345,000. Jane Street Group LLC purchased a new position in Tilly’s in the second quarter valued at about $286,000. Finally, Aristides Capital LLC increased its position in Tilly’s by 166.4% in the 4th quarter. Aristides Capital LLC now owns 160,373 shares of the specialty retailer’s stock worth $319,000 after purchasing an additional 100,170 shares during the last quarter. 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.