Tilly’s Inc (TLYS) Expected to Post Quarterly Sales of $154.71 Million

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Brokerages forecast that Tilly’s Inc (NYSE:TLYS) will announce sales of $154.71 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tilly’s’ earnings, with estimates ranging from $153.72 million to $155.41 million. Tilly’s reported sales of $138.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 22nd.

According to Zacks, analysts expect that Tilly’s will report full year sales of $588.55 million for the current financial year, with estimates ranging from $581.10 million to $593.48 million. For the next fiscal year, analysts forecast that the company will post sales of $612.57 million per share, with estimates ranging from $602.60 million to $622.28 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Tilly’s.

Tilly’s (NYSE:TLYS) last released its quarterly earnings data on Wednesday, May 30th. The specialty retailer reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $123.63 million for the quarter, compared to analysts’ expectations of $121.86 million. Tilly’s had a return on equity of 11.94% and a net margin of 2.77%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share.

A number of brokerages have issued reports on TLYS. Zacks Investment Research lowered Tilly’s from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. B. Riley set a $17.00 target price on Tilly’s and gave the company a “buy” rating in a research report on Tuesday, May 22nd. TheStreet raised Tilly’s from a “c+” rating to a “b-” rating in a research report on Thursday, June 14th. Finally, ValuEngine raised Tilly’s from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $16.67.

In other news, major shareholder Tilly Levine sold 10,000 shares of the company’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $14.68, for a total transaction of $146,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Hezy Shaked sold 20,000 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $11.41, for a total value of $228,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 266,806 shares of company stock worth $3,525,882. 48.26% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Tilly’s by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,217,093 shares of the specialty retailer’s stock worth $13,753,000 after acquiring an additional 21,700 shares during the period. BlackRock Inc. increased its position in shares of Tilly’s by 1.1% during the fourth quarter. BlackRock Inc. now owns 912,964 shares of the specialty retailer’s stock worth $13,476,000 after acquiring an additional 10,072 shares during the period. Divisar Capital Management LLC increased its position in shares of Tilly’s by 8.3% during the fourth quarter. Divisar Capital Management LLC now owns 811,538 shares of the specialty retailer’s stock worth $11,978,000 after acquiring an additional 62,046 shares during the period. Renaissance Technologies LLC increased its position in shares of Tilly’s by 3.4% during the fourth quarter. Renaissance Technologies LLC now owns 545,200 shares of the specialty retailer’s stock worth $8,047,000 after acquiring an additional 17,900 shares during the period. Finally, Millennium Management LLC increased its position in shares of Tilly’s by 24.4% during the first quarter. Millennium Management LLC now owns 461,461 shares of the specialty retailer’s stock worth $5,215,000 after acquiring an additional 90,657 shares during the period. 46.81% of the stock is currently owned by institutional investors and hedge funds.

Tilly’s traded down $0.07, reaching $15.15, on Tuesday, according to MarketBeat. The stock had a trading volume of 184,819 shares, compared to its average volume of 229,966. The firm has a market cap of $442.99 million, a price-to-earnings ratio of 23.31 and a beta of -0.24. Tilly’s has a 12-month low of $8.42 and a 12-month high of $16.57.

Tilly’s Company Profile

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

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