Tilly's (NYSE:TLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $18.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 16.28% from the company’s current price.

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. “

Several other brokerages have also recently commented on TLYS. ValuEngine upgraded Tilly's from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Roth Capital set a $17.00 price target on Tilly's and gave the company a “buy” rating in a research note on Friday. B. Riley set a $15.00 price target on Tilly's and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, BidaskClub raised Tilly's from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tilly's currently has an average rating of “Buy” and an average target price of $15.00.

Shares of Tilly's (NYSE:TLYS) opened at $15.48 on Tuesday. The company has a market capitalization of $472.68, a price-to-earnings ratio of 26.45 and a beta of -0.42. Tilly's has a 1-year low of $8.02 and a 1-year high of $16.57.

Tilly's (NYSE:TLYS) last announced its earnings results on Wednesday, November 29th. The specialty retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.21 by $0.09. The company had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $151.44 million. Tilly's had a return on equity of 10.23% and a net margin of 2.50%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. equities analysts forecast that Tilly's will post 0.65 earnings per share for the current fiscal year.

In other news, insider Hezy Shaked sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $11.53, for a total transaction of $345,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Tilly Levine sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $11.60, for a total value of $232,000.00. The disclosure for this sale can be found here. Insiders have sold 550,000 shares of company stock worth $6,460,833 in the last ninety days. 50.12% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Tilly's during the third quarter worth about $541,000. California Public Employees Retirement System grew its holdings in shares of Tilly's by 30.1% during the third quarter. California Public Employees Retirement System now owns 74,954 shares of the specialty retailer’s stock worth $899,000 after buying an additional 17,354 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Tilly's by 74.7% during the third quarter. Wells Fargo & Company MN now owns 12,080 shares of the specialty retailer’s stock worth $133,000 after buying an additional 5,167 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tilly's by 5,223.4% during the third quarter. JPMorgan Chase & Co. now owns 28,640 shares of the specialty retailer’s stock worth $342,000 after buying an additional 28,102 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of Tilly's during the third quarter worth about $1,282,000. 43.55% of the stock is currently owned by institutional investors.

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Tilly's Company Profile

Tilly’s, Inc is a destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. The Company offers an unparalleled selection of relevant brands, styles, colors, sizes and price points. The Company’s apparel merchandise includes branded, fashion and styles for tops, outerwear, bottoms and dresses.

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