Tilly’s Inc (TLYS) Short Interest Update

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Tilly’s Inc (NYSE:TLYS) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 408,128 shares, a drop of 47.6% from the August 15th total of 778,630 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average trading volume of 584,388 shares, the short-interest ratio is currently 0.7 days.

In related news, Director Seth R. Johnson sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $19.03, for a total value of $142,725.00. Following the sale, the director now directly owns 66,362 shares of the company’s stock, valued at $1,262,868.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hezy Shaked sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $15.18, for a total transaction of $151,800.00. The disclosure for this sale can be found here. Insiders sold 5,503,521 shares of company stock worth $101,639,714 over the last three months. Corporate insiders own 48.26% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Tilly’s by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,259,970 shares of the specialty retailer’s stock valued at $19,089,000 after purchasing an additional 42,877 shares during the period. BlackRock Inc. raised its stake in shares of Tilly’s by 16.5% during the second quarter. BlackRock Inc. now owns 1,048,079 shares of the specialty retailer’s stock valued at $15,880,000 after purchasing an additional 148,683 shares during the period. Paradigm Capital Management Inc. NY purchased a new stake in shares of Tilly’s during the second quarter valued at approximately $11,392,000. Renaissance Technologies LLC raised its stake in shares of Tilly’s by 23.8% during the second quarter. Renaissance Technologies LLC now owns 734,400 shares of the specialty retailer’s stock valued at $11,126,000 after purchasing an additional 141,300 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Tilly’s during the second quarter valued at approximately $7,630,000. Institutional investors own 48.68% of the company’s stock.

TLYS has been the topic of a number of recent research reports. B. Riley lifted their price target on shares of Tilly’s from $17.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Pivotal Research cut shares of Tilly’s from a “buy” rating to a “hold” rating and lifted their price target for the company from $21.00 to $22.00 in a research report on Tuesday, September 4th. William Blair raised shares of Tilly’s from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 30th. Roth Capital set a $22.00 price target on shares of Tilly’s and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Zacks Investment Research raised shares of Tilly’s from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Saturday, September 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Tilly’s presently has an average rating of “Buy” and a consensus price target of $23.25.

Shares of TLYS traded up $0.51 during mid-day trading on Friday, reaching $16.70. 424,332 shares of the stock traded hands, compared to its average volume of 287,775. The firm has a market capitalization of $555.39 million and a P/E ratio of 25.69. Tilly’s has a 12-month low of $10.72 and a 12-month high of $25.46.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Wednesday, August 29th. The specialty retailer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $157.41 million for the quarter, compared to analyst estimates of $155.30 million. Tilly’s had a net margin of 4.41% and a return on equity of 15.08%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) earnings per share. As a group, analysts forecast that Tilly’s will post 0.9 earnings per share for the current year.

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, hats, sunglasses, headphones, handbags, watches, jewelry, and others.

Further Reading: Average Daily Trade Volume Explained

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