Roth Capital Analysts Give Tilly’s, Inc. (TLYS) a $16.00 Price Target

Roth Capital set a $16.00 price objective on Tilly’s, Inc. (NYSE:TLYS) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the specialty retailer’s stock.

TLYS has been the topic of several other research reports. ValuEngine lowered Tilly’s from a buy rating to a hold rating in a research note on Friday, September 1st. B. Riley restated a buy rating and set a $13.00 price target on shares of Tilly’s in a research note on Tuesday, August 29th. BidaskClub lowered Tilly’s from a buy rating to a hold rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Tilly’s from a hold rating to a buy rating and set a $12.00 price target on the stock in a research note on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $12.40.

Shares of Tilly’s (NYSE:TLYS) opened at $13.17 on Friday. Tilly’s has a 52 week low of $8.02 and a 52 week high of $15.29. The firm has a market capitalization of $379.59, a price-to-earnings ratio of 24.39 and a beta of -0.55.

Tilly’s (NYSE:TLYS) last released its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Tilly’s had a return on equity of 8.85% and a net margin of 2.09%. The business had revenue of $138.80 million for the quarter, compared to analyst estimates of $136.46 million. During the same quarter last year, the firm posted $0.05 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. analysts expect that Tilly’s will post 0.54 earnings per share for the current fiscal year.

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In other Tilly’s news, insider Hezy Shaked sold 10,000 shares of Tilly’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $11.72, for a total value of $117,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Tilly Levine sold 20,000 shares of Tilly’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $12.31, for a total value of $246,200.00. The disclosure for this sale can be found here. Insiders sold 550,000 shares of company stock worth $6,408,033 in the last quarter. 50.12% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California Public Employees Retirement System boosted its holdings in Tilly’s by 30.1% in the third quarter. California Public Employees Retirement System now owns 74,954 shares of the specialty retailer’s stock worth $899,000 after acquiring an additional 17,354 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Tilly’s by 74.7% in the third quarter. Wells Fargo & Company MN now owns 12,080 shares of the specialty retailer’s stock worth $133,000 after acquiring an additional 5,167 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Tilly’s by 5,223.4% in the third quarter. JPMorgan Chase & Co. now owns 28,640 shares of the specialty retailer’s stock worth $342,000 after acquiring an additional 28,102 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Tilly’s in the third quarter worth about $1,282,000. Finally, Ameriprise Financial Inc. boosted its holdings in Tilly’s by 37.4% in the third quarter. Ameriprise Financial Inc. now owns 138,587 shares of the specialty retailer’s stock worth $1,662,000 after acquiring an additional 37,700 shares in the last quarter. 42.52% of the stock is owned by institutional investors and hedge funds.

About Tilly’s

Tilly’s, Inc is a destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. The Company offers an unparalleled selection of relevant brands, styles, colors, sizes and price points. The Company’s apparel merchandise includes branded, fashion and styles for tops, outerwear, bottoms and dresses.

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