Tilly’s (NYSE:TLYS) Updates Q3 2022 Earnings Guidance

Tilly’s (NYSE:TLYSGet Rating) issued an update on its third quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.05-$0.11 for the period, compared to the consensus earnings per share estimate of $0.21. The company issued revenue guidance of $165.00 million-$170.00 million, compared to the consensus revenue estimate of $172.22 million.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com cut shares of Tilly’s from a buy rating to a hold rating in a research note on Wednesday, June 8th. Roth Capital reduced their price target on shares of Tilly’s from $10.00 to $9.00 and set a buy rating on the stock in a research report on Friday, September 2nd. Seaport Res Ptn lowered shares of Tilly’s from a buy rating to a neutral rating in a research report on Friday, September 2nd. Finally, B. Riley dropped their price objective on shares of Tilly’s from $12.00 to $10.00 and set a buy rating for the company in a research report on Tuesday, September 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $9.50.

Tilly’s Trading Up 0.6 %

Tilly’s stock opened at $7.21 on Friday. Tilly’s has a 1 year low of $6.65 and a 1 year high of $17.80. The company’s 50-day moving average is $7.65 and its two-hundred day moving average is $8.25. The company has a market cap of $217.09 million, a PE ratio of 6.01 and a beta of 1.86.

Tilly’s (NYSE:TLYSGet Rating) last announced its quarterly earnings results on Thursday, September 1st. The specialty retailer reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Tilly’s had a net margin of 5.18% and a return on equity of 21.23%. During the same period in the prior year, the firm earned $0.66 earnings per share. Research analysts forecast that Tilly’s will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other news, insider Hezy Shaked acquired 41,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $6.96 per share, for a total transaction of $285,360.00. Following the transaction, the insider now directly owns 101,000 shares in the company, valued at $702,960. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tilly’s news, Director Janet Kerr sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $7.18, for a total transaction of $57,440.00. Following the sale, the director now directly owns 34,414 shares in the company, valued at approximately $247,092.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hezy Shaked purchased 41,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was bought at an average cost of $6.96 per share, for a total transaction of $285,360.00. Following the purchase, the insider now owns 101,000 shares of the company’s stock, valued at approximately $702,960. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 45,300 shares of company stock worth $315,127. Company insiders own 26.71% of the company’s stock.

Institutional Investors Weigh In On Tilly’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Tilly’s in the 2nd quarter valued at about $29,000. Advisor Group Holdings Inc. boosted its position in Tilly’s by 11,387.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 7,122 shares of the specialty retailer’s stock worth $67,000 after acquiring an additional 7,060 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Tilly’s by 159.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,897 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 6,077 shares during the last quarter. JPMorgan Chase & Co. grew its position in Tilly’s by 15.9% in the second quarter. JPMorgan Chase & Co. now owns 12,320 shares of the specialty retailer’s stock valued at $86,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Prelude Capital Management LLC bought a new stake in Tilly’s during the 1st quarter worth about $219,000. 60.52% of the stock is currently owned by institutional investors and hedge funds.

Tilly’s Company Profile

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Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods 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, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others, as well as hardgoods consists of skateboards, longboards, bikes, roller-skates, and equipment for snowboarding and surfing.

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

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