Tilly’s (NYSE:TLYS) Share Price Crosses Below 50-Day Moving Average of $6.52

Tilly’s, Inc. (NYSE:TLYS) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.52 and traded as low as $5.88. Tilly’s shares last traded at $5.88, with a volume of 42,098 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Tilly’s from a “sell” rating to a “hold” rating in a report on Friday, April 12th. B. Riley decreased their price objective on Tilly’s from $8.75 to $8.25 and set a “neutral” rating for the company in a research report on Friday, March 15th. Finally, Roth Mkm dropped their target price on Tilly’s from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Friday, March 15th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.88.

Tilly’s Trading Down 1.7 %

The firm has a 50 day moving average of $6.52 and a two-hundred day moving average of $7.30. The stock has a market capitalization of $176.69 million, a PE ratio of -5.07 and a beta of 1.59.

Tilly’s (NYSE:TLYS) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.05. The business had revenue of $173.02 million during the quarter, compared to the consensus estimate of $171.65 million. Tilly’s had a negative return on equity of 11.93% and a negative net margin of 5.54%. Equities research analysts forecast that Tilly’s, Inc. will post -0.61 EPS for the current year.

Insider Transactions at Tilly’s

In related news, major shareholder Fund 1 Investments, Llc bought 26,000 shares of Tilly’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $7.45 per share, with a total value of $193,700.00. Following the purchase, the insider now owns 4,952,757 shares in the company, valued at $36,898,039.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 210,392 shares of company stock valued at $1,518,430 in the last ninety days. Corporate insiders own 27.96% of the company’s stock.

Institutional Investors Weigh In On Tilly’s

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Tilly’s by 461.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,300 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 6,000 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Tilly’s by 61.0% in the 1st quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 4,035 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Tilly’s during the 4th quarter worth $91,000. Sierra Summit Advisors LLC acquired a new stake in shares of Tilly’s during the fourth quarter worth $222,000. Finally, Bank of New York Mellon Corp grew its position in shares of Tilly’s by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 131,314 shares of the specialty retailer’s stock valued at $1,066,000 after purchasing an additional 1,985 shares during the period. 76.38% of the stock is owned by institutional investors and hedge funds.

About Tilly’s

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.