Zacks Investment Research Upgrades Tilly’s (TLYS) to Buy

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Tilly’s (NYSE:TLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, reports. The firm currently has a $12.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 4.62% from the stock’s previous close.

According to Zacks, “Tilly’s, Inc. is a specialty retailer in the action sports industry selling clothing, shoes and accessories. The Company distributes t-shirts, sweatshirts, jackets, shorts, pants, jeans, sweaters, swimwear, shoes and accessories for men, women and kids through its website. It sells denim apparel and cologne for guys, boys and juniors and apparel, footwear and accessories for juniors and girls under RSQ, Full Tilt, Blue Crown and Infamous brand names. Tilly’s, Inc. is based in Irvine, California. “

Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of Tilly’s from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Pivotal Research reaffirmed a “buy” rating and set a $14.00 target price on shares of Tilly’s in a report on Monday, March 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.20.

Shares of NYSE:TLYS traded up $0.15 during trading on Thursday, reaching $11.47. The company had a trading volume of 217 shares, compared to its average volume of 340,772. The firm has a market capitalization of $328.96 million, a price-to-earnings ratio of 14.34, a PEG ratio of 1.19 and a beta of 0.37. Tilly’s has a 12 month low of $10.19 and a 12 month high of $25.46.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $170.60 million for the quarter, compared to analyst estimates of $169.01 million. Tilly’s had a net margin of 4.35% and a return on equity of 14.59%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, research analysts forecast that Tilly’s will post 0.85 earnings per share for the current fiscal year.

In other Tilly’s news, insider Jon Kubo sold 12,500 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $11.55, for a total transaction of $144,375.00. Following the completion of the sale, the insider now owns 12,500 shares of the company’s stock, valued at approximately $144,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Henry purchased 4,705 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were purchased at an average cost of $11.08 per share, with a total value of $52,131.40. Following the transaction, the chief financial officer now directly owns 21,495 shares in the company, valued at $238,164.60. The disclosure for this purchase can be found here. Corporate insiders own 48.26% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its position in shares of Tilly’s by 46.4% in the 4th quarter. Legal & General Group Plc now owns 3,169 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 1,004 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Tilly’s by 157.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,296 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 2,626 shares during the period. Citigroup Inc. lifted its position in shares of Tilly’s by 23.4% in the 4th quarter. Citigroup Inc. now owns 4,905 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 929 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of Tilly’s by 403.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,728 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 4,591 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Tilly’s in the 4th quarter worth about $73,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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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