Coatue Management LLC Purchases Shares of 29,468 Tilly’s Inc (NYSE:TLYS)

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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.

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: Quantitative Easing

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Institutional Ownership by Quarter for Tilly`s (NYSE:TLYS)

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