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

Tilly’s (NYSE:TLYS) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.390–0.290 for the period, compared to the consensus 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 Price Performance

TLYS stock traded down $0.19 during trading hours on Thursday, reaching $4.75. 72,919 shares of the stock were exchanged, compared to its average volume of 92,854. The firm’s 50-day moving average is $5.35 and its 200-day moving average is $5.92. The company has a market cap of $142.88 million, a price-to-earnings ratio of -3.37 and a beta of 1.56. Tilly’s has a 12 month low of $4.37 and a 12 month high of $8.82.

Tilly’s (NYSE:TLYS) last released its earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share (EPS) 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. As a group, equities research analysts forecast that Tilly’s will post -0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

TLYS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Tilly’s from a hold rating to a sell rating in a research note on Monday, June 10th. B. Riley reduced their price objective on shares of Tilly’s from $8.25 to $7.00 and set a neutral rating for the company in a research note on Friday, June 7th. Finally, Roth Mkm reduced their price objective on shares of Tilly’s from $7.50 to $6.00 and set a neutral rating for the company in a research note on Friday, June 7th.

Insider Activity at Tilly’s

In related news, CFO Michael Henry purchased 5,000 shares of the stock in a transaction on Friday, June 21st. The shares were purchased at an average cost of $5.01 per share, with a total value of $25,050.00. Following the acquisition, the chief financial officer now directly owns 45,000 shares in the company, valued at $225,450. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, 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 transaction of $26,135.00. Following the transaction, the director now directly owns 98,493 shares of the company’s stock, valued at $492,465. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Henry bought 5,000 shares of the stock in a transaction dated Friday, June 21st. The shares were acquired at an average cost of $5.01 per share, for a total transaction of $25,050.00. Following the completion of the acquisition, the chief financial officer now directly owns 45,000 shares of the company’s stock, valued at approximately $225,450. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 372,118 shares of company stock worth $2,021,693 and sold 30,375 shares worth $162,049. 27.14% of the stock is currently owned by company insiders.

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.