Seaport Res Ptn Updates FY2024 EPS Forecasts for Tilly's, Inc.

Seaport Res Ptn, an investment analysis firm, has revised its earnings per share (EPS) projections for Tilly's, Inc. (NYSE:TLYS) for the fiscal year 2024. Analyst M. Kummetz from Seaport Res Ptn increased the EPS estimate from the previous ($0.67) to ($0.66), indicating a brighter outlook for the specialty retailer's financial performance. This adjustment reflects a slight improvement over the earlier forecast and positions Tilly's above the consensus estimate of ($0.68) EPS among financial experts.

Financial Analyst Views on Tilly's

Fellow analysts have also shared their perspectives on Tilly's prospects, with varying opinions leading to a mix of recommendations. While Roth Capital shifted its rating from a "buy" to a "neutral" position, B. Riley followed suit, adjusting their target price downwards. The consensus among analysts seems to be inclining towards a cautious "Hold" rating for the company's stock, with MarketBeat.com showing an average price target of $8.63, slightly above the current trading values.

Market Performance and Insider Activity

As for market performance, Tilly's stock commenced trading at $7.31, with fluctuations seen in both its 50-day and 200-day moving averages. Insider transactions have added an interesting dynamic, with the disclosure of substantial share purchases by a major shareholder, Fund 1 Investments, LLC. This activity is often regarded as a confident gesture in the company’s potential moving forward.

Institutional Involvement in Tilly's

Institutional investors have been actively adjusting their stakes in Tilly’s. Notable mentions include Sierra Summit Advisors LLC’s new position and increases by Barclays PLC, Vanguard Group Inc., Nuveen Asset Management LLC, and Occudo Quantitative Strategies LP. These adjustments illustrate the ongoing reshaping of institutional confidence and strategies regarding Tilly's shares amidst the company's evolving market performance.

Company Profile Overview

Tilly's, Inc. remains a pivotal player in the specialty retail segment, catering to a younger demographic with its assortment of casual apparel, footwear, accessories, and hardgoods designed for various action sports. With this up-to-date financial analysis and market activity, investors and market watchers keep a close eye on this company’s trajectory in the retail landscape.

Seaport, Tillys, Earnings