Tilly’s (TLYS) Set to Announce Quarterly Earnings on Thursday

Tilly’s (NYSE:TLYS – Get Rating) will be releasing its earnings data after the market closes on Thursday, June 1st. Analysts expect Tilly’s to post earnings of ($0.33) per share for the quarter. Tilly’s has set its Q1 2023 guidance at -$0.41–$0.27 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Tilly’s (NYSE:TLYS – Get Rating) last released its earnings results on Thursday, March 9th. The specialty retailer reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. Tilly’s had a return on equity of 5.83% and a net margin of 1.50%. The business had revenue of $180.35 million for the quarter, compared to the consensus estimate of $178.96 million. On average, analysts expect Tilly’s to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tilly’s Trading Up 0.9 %

Shares of TLYS stock opened at $7.64 on Thursday. Tilly’s has a 12 month low of $6.65 and a 12 month high of $10.35. The stock has a 50 day moving average of $7.54 and a two-hundred day moving average of $8.41. The company has a market capitalization of $228.28 million, a P/E ratio of 22.47 and a beta of 1.72.

Insider Transactions at Tilly’s

In other Tilly’s news, major shareholder Fund 1 Investments, Llc bought 50,000 shares of Tilly’s stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $7.45 per share, for a total transaction of $372,500.00. Following the completion of the acquisition, the insider now owns 2,485,419 shares of the company’s stock, valued at approximately $18,516,371.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 848,276 shares of company stock valued at $6,326,651 over the last 90 days. 27.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tilly’s

A number of hedge funds and other institutional investors have recently made changes to their positions in TLYS. Quantbot Technologies LP acquired a new position in shares of Tilly’s in the second quarter valued at approximately $29,000. Barclays PLC boosted its position in shares of Tilly’s by 366.3% during the 4th quarter. Barclays PLC now owns 6,071 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 4,769 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Tilly’s by 11,387.1% in the first quarter. Advisor Group Holdings Inc. now owns 7,122 shares of the specialty retailer’s stock worth $67,000 after purchasing an additional 7,060 shares in the last quarter. UBS Group AG increased its stake in Tilly’s by 2,279.8% in the fourth quarter. UBS Group AG now owns 8,853 shares of the specialty retailer’s stock valued at $80,000 after purchasing an additional 8,481 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Tilly’s by 159.1% during 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 period. 58.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TLYS shares. William Blair reaffirmed a “market perform” rating on shares of Tilly’s in a report on Friday, March 10th. StockNews.com began coverage on Tilly’s in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, B. Riley reduced their price target on shares of Tilly’s from $11.00 to $9.00 in a research report on Friday, March 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Tilly’s presently has a consensus rating of “Hold” and a consensus price target of $9.00.

About Tilly’s

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Tilly’s, Inc engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA.