Tilly’s (NYSE:TLYS) Upgraded at Zacks Investment Research

Tilly’s (NYSE:TLYSGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Tilly’s, Inc. is a specialty retailer in the action sports industry selling clothing, shoes and accessories. The Company distributes t-shirts, sweatshirts, jackets, shorts, pants, jeans, sweaters, swimwear, shoes and accessories for men, women and kids through its website. It sells denim apparel and cologne for guys, boys and juniors and apparel, footwear and accessories for juniors and girls under RSQ, Full Tilt, Blue Crown and Infamous brand names. Tilly’s, Inc. is based in Irvine, California. “

A number of other analysts have also recently weighed in on TLYS. TheStreet cut shares of Tilly’s from a “b” rating to a “c+” rating in a report on Wednesday, March 16th. B. Riley decreased their price target on shares of Tilly’s from $16.00 to $12.00 in a research note on Friday, June 3rd. William Blair lowered shares of Tilly’s from an “outperform” rating to a “market perform” rating in a report on Friday, March 11th. Finally, StockNews.com lowered shares of Tilly’s from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

Shares of TLYS stock opened at $7.50 on Friday. Tilly’s has a 12-month low of $7.45 and a 12-month high of $17.80. The company has a market cap of $228.91 million, a price-to-earnings ratio of 4.34 and a beta of 1.93. The stock has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $11.67. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12.

Tilly’s (NYSE:TLYSGet Rating) last announced its earnings results on Thursday, June 2nd. The specialty retailer reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Tilly’s had a return on equity of 30.14% and a net margin of 7.13%. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, equities analysts forecast that Tilly’s will post 0.65 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Tilly’s during the fourth quarter worth $33,000. Citigroup Inc. grew its holdings in shares of Tilly’s by 146.8% during the third quarter. Citigroup Inc. now owns 2,660 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 1,582 shares during the last quarter. UBS Group AG grew its holdings in shares of Tilly’s by 62.0% during the third quarter. UBS Group AG now owns 4,829 shares of the specialty retailer’s stock valued at $68,000 after buying an additional 1,848 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Tilly’s during the fourth quarter valued at about $94,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Tilly’s by 33.2% during the third quarter. BNP Paribas Arbitrage SA now owns 5,877 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 1,465 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

About Tilly’s (Get Rating)

Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods 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, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others, as well as hardgoods consists of skateboards, longboards, bikes, roller-skates, and equipment for snowboarding and surfing.

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