Tilly’s, Inc. to Post Q4 2023 Earnings of ($0.04) Per Share, B. Riley Forecasts (NYSE:TLYS)

Tilly’s, Inc. (NYSE:TLYS – Get Rating) – B. Riley lowered their Q4 2023 earnings per share estimates for shares of Tilly’s in a research report issued on Thursday, January 12th. B. Riley analyst J. Van. Sinderen now forecasts that the specialty retailer will earn ($0.04) per share for the quarter, down from their prior estimate of $0.02. The consensus estimate for Tilly’s’ current full-year earnings is $0.31 per share. B. Riley also issued estimates for Tilly’s’ FY2024 earnings at $0.44 EPS.

Tilly’s (NYSE:TLYS – Get Rating) last issued its earnings results on Thursday, December 1st. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Tilly’s had a return on equity of 12.66% and a net margin of 3.14%. The business had revenue of $177.85 million during the quarter, compared to analysts’ expectations of $166.10 million.

Separately, StockNews.com began coverage on Tilly’s in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

Tilly’s Trading Down 3.1 %

Shares of TLYS opened at $8.69 on Monday. Tilly’s has a 1 year low of $6.65 and a 1 year high of $13.84. The stock has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $8.22. The stock has a market cap of $259.34 million, a PE ratio of 12.24 and a beta of 1.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Tilly’s by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,706,085 shares of the specialty retailer’s stock valued at $15,969,000 after buying an additional 26,857 shares during the last quarter. Divisar Capital Management LLC boosted its position in Tilly’s by 17.5% in the 2nd quarter. Divisar Capital Management LLC now owns 1,383,714 shares of the specialty retailer’s stock valued at $9,714,000 after buying an additional 206,498 shares during the last quarter. Vanguard Group Inc. boosted its position in Tilly’s by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 1,207,259 shares of the specialty retailer’s stock valued at $11,300,000 after buying an additional 43,374 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its position in Tilly’s by 49.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,199,548 shares of the specialty retailer’s stock valued at $8,421,000 after buying an additional 394,911 shares during the last quarter. Finally, Long Focus Capital Management LLC boosted its position in Tilly’s by 58.4% in the 3rd quarter. Long Focus Capital Management LLC now owns 1,180,100 shares of the specialty retailer’s stock valued at $8,166,000 after buying an additional 435,100 shares during the last quarter. 58.21% of the stock is currently owned by institutional investors.

Insider Activity at Tilly’s

In related news, insider Jonathon David Kosoff sold 12,500 shares of the firm’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $9.55, for a total transaction of $119,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 26.71% of the company’s stock.

Tilly’s Company Profile

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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.