Tilly’s Inc (TLYS) Shares Bought by Smith Asset Management Group LP

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Smith Asset Management Group LP raised its position in Tilly’s Inc (NYSE:TLYS) by 417.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,475 shares of the specialty retailer’s stock after purchasing an additional 89,120 shares during the quarter. Smith Asset Management Group LP owned 0.38% of Tilly’s worth $2,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TLYS. Harvest Fund Management Co. Ltd purchased a new stake in Tilly’s in the third quarter valued at approximately $138,000. Victory Capital Management Inc. acquired a new position in shares of Tilly’s in the third quarter worth $210,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Tilly’s in the second quarter worth $222,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Tilly’s in the second quarter worth $262,000. Finally, Citadel Advisors LLC grew its stake in shares of Tilly’s by 222.5% in the second quarter. Citadel Advisors LLC now owns 19,225 shares of the specialty retailer’s stock worth $291,000 after acquiring an additional 34,925 shares in the last quarter. 49.68% of the stock is currently owned by institutional investors.

NYSE:TLYS opened at $17.35 on Wednesday. The firm has a market capitalization of $488.86 million, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.85 and a beta of 0.13. Tilly’s Inc has a 52 week low of $10.72 and a 52 week high of $25.46.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings results on Wednesday, August 29th. The specialty retailer reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $157.41 million during the quarter, compared to the consensus estimate of $155.30 million. Tilly’s had a net margin of 4.41% and a return on equity of 15.08%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Sell-side analysts forecast that Tilly’s Inc will post 0.9 EPS for the current year.

Several equities analysts have commented on TLYS shares. B. Riley boosted their price target on shares of Tilly’s from $17.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Pivotal Research downgraded shares of Tilly’s from a “buy” rating to a “hold” rating and boosted their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, September 4th. William Blair upgraded shares of Tilly’s from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 30th. Roth Capital set a $22.00 price target on shares of Tilly’s and gave the stock a “buy” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research upgraded shares of Tilly’s from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Saturday, September 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $22.60.

In related news, major shareholder Tilly Levine sold 20,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $16.25, for a total transaction of $325,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Seth R. Johnson sold 7,500 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $19.03, for a total transaction of $142,725.00. Following the transaction, the director now owns 66,362 shares of the company’s stock, valued at approximately $1,262,868.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,443,521 shares of company stock valued at $100,723,314. Insiders own 48.26% of the company’s stock.

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About Tilly’s

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, hats, sunglasses, headphones, handbags, watches, jewelry, and others.

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Institutional Ownership by Quarter for Tilly`s (NYSE:TLYS)

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