Coatue Management LLC purchased a new stake in Tilly’s Inc (NYSE:TLYS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,468 shares of the specialty retailer’s stock, valued at approximately $167,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of Tilly’s in the second quarter valued at about $68,000. Citigroup Inc. increased its position in shares of Tilly’s by 224.6% in the first quarter. Citigroup Inc. now owns 14,930 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 10,330 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Tilly’s in the first quarter worth $65,000. Paloma Partners Management Co bought a new position in shares of Tilly’s in the first quarter worth $100,000. Finally, Two Sigma Investments LP bought a new position in shares of Tilly’s in the first quarter worth $149,000. 65.07% of the stock is currently owned by institutional investors.
In other news, CFO Michael Henry purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $5.76 per share, with a total value of $28,800.00. Following the completion of the purchase, the chief financial officer now owns 46,290 shares of the company’s stock, valued at approximately $266,630.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 28.61% of the company’s stock.
Shares of TLYS stock traded up $0.40 during mid-day trading on Friday, reaching $7.32. 1,014,939 shares of the stock traded hands, compared to its average volume of 378,576. The stock’s fifty day simple moving average is $6.12 and its two-hundred day simple moving average is $5.53. Tilly’s Inc has a 1-year low of $3.46 and a 1-year high of $12.75. The company has a market cap of $217.61 million, a price-to-earnings ratio of 732.00 and a beta of 1.65. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.60.
Tilly’s (NYSE:TLYS) last announced its quarterly earnings results on Thursday, September 3rd. The specialty retailer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.36. Tilly’s had a return on equity of 0.63% and a net margin of 0.10%. On average, equities research analysts anticipate that Tilly’s Inc will post -0.57 EPS for the current fiscal year.
Several analysts recently weighed in on TLYS shares. ValuEngine raised Tilly’s from a “hold” rating to a “buy” rating in a research note on Thursday, June 4th. Bank of America raised their price objective on Tilly’s from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Roth Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Tilly’s in a research note on Thursday, June 25th. B. Riley raised their price objective on Tilly’s from $9.00 to $10.00 in a research note on Friday. Finally, Zacks Investment Research raised Tilly’s from a “sell” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $9.10.
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: Quantitative Easing
Want to see what other hedge funds are holding TLYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tilly’s Inc (NYSE:TLYS).
Receive News & Ratings for Tilly's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tilly's and related companies with MarketBeat.com's FREE daily email newsletter.