Tilly’s Inc (NYSE:TLYS) Short Interest Update

Tilly’s Inc (NYSE:TLYS) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 749,200 shares, a drop of 35.5% from the May 30th total of 1,161,100 shares. Based on an average daily volume of 341,300 shares, the short-interest ratio is currently 2.2 days. Approximately 3.5% of the company’s stock are sold short.

In other news, Director Janet Kerr sold 3,268 shares of Tilly’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $7.84, for a total transaction of $25,621.12. Following the completion of the transaction, the director now directly owns 20,375 shares in the company, valued at $159,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Henry bought 12,795 shares of the stock in a transaction dated Monday, June 3rd. The shares were acquired at an average price of $7.89 per share, with a total value of $100,952.55. Following the completion of the acquisition, the chief financial officer now directly owns 34,290 shares of the company’s stock, valued at approximately $270,548.10. The disclosure for this purchase can be found here. 48.26% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nantahala Capital Management LLC increased its position in shares of Tilly’s by 39.1% during the fourth quarter. Nantahala Capital Management LLC now owns 712,103 shares of the specialty retailer’s stock valued at $7,733,000 after acquiring an additional 200,000 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Tilly’s by 4,900.0% during the first quarter. Nisa Investment Advisors LLC now owns 30,000 shares of the specialty retailer’s stock valued at $334,000 after acquiring an additional 29,400 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Tilly’s during the fourth quarter valued at approximately $73,000. Coatue Management LLC increased its position in shares of Tilly’s by 69.7% during the fourth quarter. Coatue Management LLC now owns 75,887 shares of the specialty retailer’s stock valued at $825,000 after acquiring an additional 31,176 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Tilly’s by 157.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,296 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 2,626 shares in the last quarter. 72.57% of the stock is owned by institutional investors.

Shares of TLYS traded up $0.15 on Friday, hitting $8.14. 166,181 shares of the stock traded hands, compared to its average volume of 319,978. The stock has a market cap of $235.88 million, a P/E ratio of 9.74, a PEG ratio of 0.98 and a beta of 0.71. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.65 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $8.23. Tilly’s has a one year low of $7.63 and a one year high of $25.46.

Tilly’s (NYSE:TLYS) last announced its quarterly earnings results on Wednesday, May 29th. The specialty retailer reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $460.30 million during the quarter, compared to the consensus estimate of $128.84 million. Tilly’s had a net margin of 4.21% and a return on equity of 14.25%. The firm’s quarterly revenue was up 272.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. On average, equities research analysts forecast that Tilly’s will post 0.74 earnings per share for the current year.

Several research firms have recently issued reports on TLYS. TheStreet lowered shares of Tilly’s from a “b-” rating to a “c+” rating in a report on Tuesday, June 25th. B. Riley set a $14.00 target price on shares of Tilly’s and gave the company a “buy” rating in a report on Thursday, May 30th. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Finally, ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.00.

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.

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