Nisa Investment Advisors LLC Cuts Holdings in Tilly’s, Inc. (NYSE:TLYS)

Nisa Investment Advisors LLC cut its position in shares of Tilly’s, Inc. (NYSE:TLYSGet Rating) by 79.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the specialty retailer’s stock after selling 15,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tilly’s were worth $37,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Tilly’s in the fourth quarter valued at about $33,000. Schroder Investment Management Group purchased a new position in Tilly’s in the fourth quarter valued at about $94,000. BNP Paribas Arbitrage SA boosted its stake in Tilly’s by 67.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 9,859 shares of the specialty retailer’s stock valued at $159,000 after acquiring an additional 3,982 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Tilly’s in the fourth quarter valued at about $162,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Tilly’s in the fourth quarter valued at about $184,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Tilly’s Trading Down 1.2 %

Tilly’s stock opened at $7.57 on Monday. The firm’s 50 day simple moving average is $7.72 and its 200 day simple moving average is $9.62. The firm has a market capitalization of $227.42 million, a PE ratio of 4.38 and a beta of 1.93. Tilly’s, Inc. has a 1-year low of $6.87 and a 1-year high of $17.80.

Tilly’s (NYSE:TLYSGet Rating) last posted its earnings results on Thursday, June 2nd. The specialty retailer reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $145.78 million for the quarter, compared to analyst estimates of $145.29 million. Tilly’s had a net margin of 7.13% and a return on equity of 30.63%. During the same quarter in the prior year, the firm posted $0.36 EPS. Research analysts forecast that Tilly’s, Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Janet Kerr sold 8,000 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $7.18, for a total value of $57,440.00. Following the transaction, the director now owns 34,414 shares of the company’s stock, valued at $247,092.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. B. Riley lowered their price target on shares of Tilly’s from $16.00 to $12.00 in a research report on Friday, June 3rd. StockNews.com lowered shares of Tilly’s from a “buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tilly’s currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Tilly’s Company Profile

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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, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others, as well as hardgoods consists of skateboards, longboards, bikes, roller-skates, and equipment for snowboarding and surfing.

See Also

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Institutional Ownership by Quarter for Tilly's (NYSE:TLYS)

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