Tilly’s (NYSE:TLYS) Rating Increased to Hold at StockNews.com

Tilly’s (NYSE:TLYS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Other equities analysts also recently issued research reports about the company. B. Riley cut their target price on Tilly’s from $8.75 to $8.25 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Roth Mkm lowered their target price on shares of Tilly’s from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.88.

Tilly’s Stock Performance

TLYS stock opened at $5.84 on Friday. The company has a market capitalization of $175.02 million, a P/E ratio of -5.03 and a beta of 1.58. Tilly’s has a 52-week low of $5.58 and a 52-week high of $9.50. The business has a 50-day simple moving average of $7.04 and a two-hundred day simple moving average of $7.58.

Tilly’s (NYSE:TLYS) last announced its earnings results on Thursday, March 14th. The specialty retailer reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.05. Tilly’s had a negative return on equity of 11.57% and a negative net margin of 5.54%. The firm had revenue of $173.02 million for the quarter, compared to the consensus estimate of $171.65 million. As a group, sell-side analysts forecast that Tilly’s will post -0.61 earnings per share for the current fiscal year.

Insider Transactions at Tilly’s

In other news, major shareholder Fund 1 Investments, Llc purchased 49,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $6.84 per share, with a total value of $338,580.00. Following the completion of the acquisition, the insider now owns 5,485,169 shares in the company, valued at approximately $37,518,555.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have bought 403,320 shares of company stock valued at $2,956,114. 27.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in Tilly’s by 88.7% in the second quarter. Barclays PLC now owns 21,741 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 10,219 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Tilly’s by 5.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 641,795 shares of the specialty retailer’s stock valued at $5,211,000 after buying an additional 32,384 shares during the period. Bank of New York Mellon Corp boosted its position in Tilly’s by 1.5% during 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 buying an additional 1,985 shares during the period. Wells Fargo & Company MN boosted its position in Tilly’s by 32.2% during the second quarter. Wells Fargo & Company MN now owns 8,535 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 2,080 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Tilly’s by 97.8% during the fourth quarter. BNP Paribas Financial Markets now owns 6,620 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 3,274 shares during the last quarter. 76.38% of the stock is currently owned by hedge funds and other institutional investors.

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, as well as hardgoods consists of skateboards, longboards, and related equipment for skateboarding, snowboarding, and surfing.