BlackRock Inc. grew its stake in shares of Tilly’s Inc (NYSE:TLYS) by 66.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,533,326 shares of the specialty retailer’s stock after buying an additional 609,429 shares during the period. BlackRock Inc. owned 5.20% of Tilly’s worth $16,652,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in shares of Tilly’s during the third quarter worth about $149,000. MetLife Investment Advisors LLC purchased a new position in shares of Tilly’s during the third quarter worth about $215,000. Marshall Wace LLP purchased a new position in shares of Tilly’s during the third quarter worth about $229,000. Tower Research Capital LLC TRC purchased a new position in shares of Tilly’s during the third quarter worth about $250,000. Finally, Paloma Partners Management Co purchased a new position in shares of Tilly’s during the third quarter worth about $383,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Several brokerages have recently commented on TLYS. Pivotal Research reissued a “buy” rating and set a $14.00 price objective on shares of Tilly’s in a report on Monday, March 11th. Zacks Investment Research lowered Tilly’s from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Finally, ValuEngine raised Tilly’s from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.40.
In other Tilly’s news, insider Jon Kubo sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $11.55, for a total value of $144,375.00. Following the completion of the sale, the insider now owns 12,500 shares of the company’s stock, valued at $144,375. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Henry bought 2,500 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average cost of $11.47 per share, with a total value of $28,675.00. Following the purchase, the chief financial officer now owns 16,790 shares of the company’s stock, valued at $192,581.30. The disclosure for this purchase can be found here. 48.26% of the stock is owned by corporate insiders.
Shares of TLYS opened at $11.32 on Wednesday. The company has a market capitalization of $327.45 million, a price-to-earnings ratio of 14.15, a PEG ratio of 1.18 and a beta of 0.36. Tilly’s Inc has a 1 year low of $10.19 and a 1 year high of $25.46.
Tilly’s (NYSE:TLYS) last issued its earnings results on Thursday, March 14th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $170.60 million during the quarter, compared to analyst estimates of $169.01 million. Tilly’s had a return on equity of 14.59% and a net margin of 4.35%. Tilly’s’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. As a group, equities analysts expect that Tilly’s Inc will post 0.85 EPS for the current year.
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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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