Tilly’s (NYSE:TLYS) PT Raised to $12.00 at B. Riley


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Tilly’s (NYSE:TLYS) had its price objective increased by analysts at B. Riley from $11.00 to $12.00 in a research note issued on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. B. Riley’s target price indicates a potential upside of 15.94% from the company’s previous close. B. Riley also issued estimates for Tilly’s’ FY2022 earnings at $0.60 EPS.

Other research analysts have also recently issued research reports about the stock. Pivotal Research increased their target price on shares of Tilly’s from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Tuesday. BidaskClub raised shares of Tilly’s from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Finally, Zacks Investment Research cut shares of Tilly’s from a “buy” rating to a “hold” rating in a report on Saturday, November 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Tilly’s presently has a consensus rating of “Buy” and an average target price of $9.50.

TLYS opened at $10.35 on Tuesday. Tilly’s has a twelve month low of $3.46 and a twelve month high of $10.76. The company has a 50-day simple moving average of $8.59 and a 200 day simple moving average of $7.03. The stock has a market capitalization of $308.23 million, a price-to-earnings ratio of 1,035.00 and a beta of 1.63.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Thursday, December 3rd. The specialty retailer reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. Tilly’s had a net margin of 0.10% and a return on equity of 0.64%. The business had revenue of $140.28 million during the quarter, compared to analysts’ expectations of $132.08 million. Sell-side analysts anticipate that Tilly’s will post -0.32 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Tilly’s by 22.7% in the third quarter. BlackRock Inc. now owns 2,243,225 shares of the specialty retailer’s stock valued at $13,527,000 after buying an additional 415,170 shares during the period. Acuitas Investments LLC increased its stake in shares of Tilly’s by 75.4% in the third quarter. Acuitas Investments LLC now owns 827,092 shares of the specialty retailer’s stock valued at $4,988,000 after buying an additional 355,648 shares during the period. Bridgeway Capital Management Inc. increased its stake in shares of Tilly’s by 71.5% in the second quarter. Bridgeway Capital Management Inc. now owns 312,468 shares of the specialty retailer’s stock valued at $1,772,000 after buying an additional 130,300 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Tilly’s by 7.0% in the second quarter. Goldman Sachs Group Inc. now owns 232,890 shares of the specialty retailer’s stock valued at $1,321,000 after buying an additional 15,308 shares during the period. Finally, Morgan Stanley increased its stake in shares of Tilly’s by 716.6% in the third quarter. Morgan Stanley now owns 128,096 shares of the specialty retailer’s stock valued at $772,000 after buying an additional 112,410 shares during the period. 65.07% of the stock is owned by institutional investors.

About Tilly’s

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, hydration bottles, hats, sunglasses, ear buds, handbags, watches, jewelry, and others.

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