Tilly’s (NYSE:TLYS) Updates Q2 2024 Earnings Guidance

Tilly’s (NYSE:TLYSGet Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of -0.130–0.030 for the period, compared to the consensus earnings per share estimate of -0.010. The company issued revenue guidance of $160.0 million-$165.0 million, compared to the consensus revenue estimate of $161.8 million.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley lowered their price objective on shares of Tilly’s from $8.25 to $7.00 and set a neutral rating on the stock in a research report on Friday. StockNews.com upgraded shares of Tilly’s from a sell rating to a hold rating in a research report on Friday, April 12th. Finally, Roth Mkm decreased their price target 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.

Check Out Our Latest Stock Report on Tilly’s

Tilly’s Stock Down 3.1 %

TLYS opened at $5.62 on Friday. The company has a fifty day moving average of $5.96 and a 200 day moving average of $6.93. Tilly’s has a fifty-two week low of $5.18 and a fifty-two week high of $9.50.

Tilly’s (NYSE:TLYSGet Free Report) last posted its earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.02). The company had revenue of $115.86 million for the quarter, compared to analysts’ expectations of $115.57 million. Tilly’s had a negative net margin of 6.85% and a negative return on equity of 13.64%. Sell-side analysts predict that Tilly’s will post -0.6 earnings per share for the current year.

Insiders Place Their Bets

In other Tilly’s news, major shareholder Fund 1 Investments, Llc acquired 49,500 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $6.84 per share, with a total value of $338,580.00. Following the purchase, the insider now directly owns 5,485,169 shares of the company’s stock, valued at approximately $37,518,555.96. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 27.14% of the company’s stock.

Tilly’s Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Tilly's (NYSE:TLYS)

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