Tilly’s (NYSE:TLYS) Updates 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.

Tilly’s Trading Down 0.8 %

NYSE TLYS traded down $0.04 during midday trading on Friday, hitting $4.71. The company had a trading volume of 14,520 shares, compared to its average volume of 92,398. The firm has a 50-day moving average price of $5.35 and a 200-day moving average price of $5.92. The company has a market capitalization of $141.68 million, a PE ratio of -3.37 and a beta of 1.56. Tilly’s has a twelve month low of $4.37 and a twelve month high of $8.82.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.02). Tilly’s had a negative return on equity of 14.38% and a negative net margin of 6.85%. The firm had revenue of $115.86 million for the quarter, compared to the consensus estimate of $115.57 million. On average, equities analysts anticipate that Tilly’s will post -0.83 EPS for the current year.

Analyst Ratings Changes

TLYS has been the subject of a number of recent research reports. B. Riley lowered their target price on Tilly’s from $8.25 to $7.00 and set a neutral rating for the company in a report on Friday, June 7th. StockNews.com downgraded Tilly’s from a hold rating to a sell rating in a research note on Monday, June 10th. Finally, Roth Mkm cut their target price 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.

Insiders Place Their Bets

In related news, Director Janet Kerr sold 20,000 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $5.38, for a total transaction of $107,600.00. Following the transaction, the director now directly owns 28,996 shares of the company’s stock, valued at $155,998.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Tilly’s news, Director Janet Kerr sold 20,000 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $5.38, for a total value of $107,600.00. Following the transaction, the director now owns 28,996 shares in the company, valued at $155,998.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Seth R. Johnson sold 5,227 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $5.00, for a total value of $26,135.00. Following the completion of the sale, the director now directly owns 98,493 shares of the company’s stock, valued at approximately $492,465. The disclosure for this sale can be found here. In the last three months, insiders have acquired 372,118 shares of company stock worth $2,021,693 and have sold 30,375 shares worth $162,049. Company insiders own 27.14% of the company’s stock.

About Tilly’s

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.