Brokerages Anticipate Tilly’s Inc (TLYS) Will Post Quarterly Sales of $165.36 Million

Brokerages predict that Tilly’s Inc (NYSE:TLYS) will post $165.36 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Tilly’s’ earnings, with the lowest sales estimate coming in at $165.00 million and the highest estimate coming in at $165.93 million. Tilly’s posted sales of $164.32 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The firm is expected to report its next earnings results on Monday, March 11th.

According to Zacks, analysts expect that Tilly’s will report full year sales of $593.23 million for the current financial year, with estimates ranging from $592.90 million to $593.79 million. For the next year, analysts anticipate that the company will report sales of $629.18 million, with estimates ranging from $619.71 million to $638.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Tilly’s.

Tilly’s (NYSE:TLYS) last posted its earnings results on Wednesday, November 28th. The specialty retailer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Tilly’s had a return on equity of 14.04% and a net margin of 4.06%. The company had revenue of $146.80 million during the quarter, compared to the consensus estimate of $148.74 million. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis.



A number of research analysts recently commented on the company. Zacks Investment Research downgraded Tilly’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Bank of America assumed coverage on Tilly’s in a research note on Wednesday, October 24th. They issued a “buy” rating and a $20.00 price target for the company. Pivotal Research set a $17.00 price target on Tilly’s and gave the company a “hold” rating in a research note on Tuesday, November 27th. B. Riley dropped their price target on Tilly’s from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Finally, ValuEngine downgraded Tilly’s from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.40.

Shares of TLYS traded up $0.02 during midday trading on Friday, reaching $11.87. 432,704 shares of the stock were exchanged, compared to its average volume of 431,337. Tilly’s has a twelve month low of $10.19 and a twelve month high of $25.46. The company has a market capitalization of $355.82 million, a P/E ratio of 18.26, a P/E/G ratio of 1.39 and a beta of 0.25.

In other Tilly’s news, insider Hezy Shaked sold 20,000 shares of Tilly’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $10.68, for a total value of $213,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 48.26% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its position in Tilly’s by 84.7% in the third quarter. Vanguard Group Inc now owns 1,095,583 shares of the specialty retailer’s stock valued at $20,761,000 after acquiring an additional 502,560 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Tilly’s during the third quarter worth about $229,000. Vanguard Group Inc. grew its holdings in shares of Tilly’s by 84.7% during the third quarter. Vanguard Group Inc. now owns 1,095,583 shares of the specialty retailer’s stock worth $20,761,000 after purchasing an additional 502,560 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Tilly’s during the third quarter worth about $2,545,000. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Tilly’s by 92.6% during the third quarter. TIAA CREF Investment Management LLC now owns 291,968 shares of the specialty retailer’s stock worth $5,533,000 after purchasing an additional 140,407 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

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.

Featured Story: New Google Finance Tool and Screening Stocks

Get a free copy of the Zacks research report on Tilly’s (TLYS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tilly's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tilly's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply