Zacks Investment Research cut shares of Tilly's (NYSE:TLYS) from a buy rating to a hold rating in a report issued on Friday.
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. “
Several other brokerages also recently commented on TLYS. Roth Capital set a $17.00 price objective on shares of Tilly's and gave the company a buy rating in a research report on Friday, December 1st. ValuEngine upgraded shares of Tilly's from a hold rating to a buy rating in a research report on Thursday, November 30th. Finally, B. Riley set a $15.00 price objective on shares of Tilly's and gave the company a buy rating in a research report on Tuesday, November 28th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Tilly's has a consensus rating of Buy and a consensus price target of $15.50.
The company also recently disclosed a dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, February 8th. This represents a yield of 0.0689179875947622%.
In other Tilly's news, major shareholder Tilly Levine sold 10,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $13.63, for a total transaction of $136,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hezy Shaked sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $14.27, for a total transaction of $285,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,000 shares of company stock valued at $3,385,300. Company insiders own 50.12% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TLYS. Paradigm Capital Management Inc. NY grew its stake in shares of Tilly's by 36.5% during the third quarter. Paradigm Capital Management Inc. NY now owns 1,271,300 shares of the specialty retailer’s stock worth $15,243,000 after buying an additional 339,700 shares during the last quarter. Millennium Management LLC grew its stake in shares of Tilly's by 195.0% in the fourth quarter. Millennium Management LLC now owns 370,804 shares of the specialty retailer’s stock worth $5,473,000 after purchasing an additional 245,115 shares during the last quarter. EAM Investors LLC bought a new stake in shares of Tilly's in the fourth quarter worth $1,987,000. Acadian Asset Management LLC grew its stake in shares of Tilly's by 45.5% in the fourth quarter. Acadian Asset Management LLC now owns 357,473 shares of the specialty retailer’s stock worth $5,274,000 after purchasing an additional 111,829 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Tilly's in the third quarter worth $1,282,000. 46.87% of the stock is currently owned by hedge funds and other institutional investors.
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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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