Tilly’s (NYSE:TLYS) Issues Q3 2024 Earnings Guidance

Tilly’s (NYSE:TLYS) updated its third quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of -0.390–0.290 for the period, compared to the consensus EPS estimate of -0.100. The company issued revenue guidance of $140.0 million-$146.0 million, compared to the consensus revenue estimate of $146.7 million.

Analyst Upgrades and Downgrades

TLYS has been the subject of several research reports. StockNews.com upgraded shares of Tilly’s from a sell rating to a hold rating in a report on Friday. Roth Mkm cut their price objective on shares of Tilly’s from $7.50 to $6.00 and set a neutral rating on the stock in a research report on Friday, June 7th. Finally, B. Riley cut their price objective on shares of Tilly’s from $7.00 to $6.00 and set a neutral rating on the stock in a research report on Friday.

Tilly’s Trading Down 4.4 %

Shares of Tilly’s stock opened at $4.54 on Friday. The company’s fifty day simple moving average is $5.31 and its 200-day simple moving average is $5.88. The company has a market cap of $136.57 million, a price-to-earnings ratio of -3.22 and a beta of 1.55. Tilly’s has a 1 year low of $4.37 and a 1 year high of $8.82.

Tilly’s (NYSE:TLYS) last announced its quarterly earnings data on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.02). The company had revenue of $115.86 million during the quarter, compared to analyst estimates of $115.57 million. Tilly’s had a negative return on equity of 14.38% and a negative net margin of 6.85%. As a group, research analysts forecast that Tilly’s will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tilly’s news, Director Seth R. Johnson sold 5,227 shares of Tilly’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $5.00, for a total transaction of $26,135.00. Following the sale, the director now owns 98,493 shares in the company, valued at $492,465. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tilly’s news, Director Seth R. Johnson sold 5,227 shares of Tilly’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $5.00, for a total transaction of $26,135.00. Following the sale, the director now owns 98,493 shares in the company, valued at $492,465. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Fund 1 Investments, Llc purchased 100,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were acquired at an average price of $5.14 per share, for a total transaction of $514,000.00. Following the purchase, the insider now directly owns 5,585,169 shares of the company’s stock, valued at $28,707,768.66. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 372,118 shares of company stock worth $2,021,693 and have sold 30,375 shares worth $162,049. Corporate insiders own 27.14% of the company’s stock.

Tilly’s Company Profile

Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, swim, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others.