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

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

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

Tilly’s Stock Performance

Shares of NYSE TLYS opened at $5.84 on Friday. Tilly’s has a twelve month low of $5.58 and a twelve month high of $9.50. The company has a market capitalization of $175.02 million, a price-to-earnings ratio of -5.03 and a beta of 1.58. The business has a 50 day simple moving average of $7.04 and a 200-day simple moving average of $7.58.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported ($0.17) earnings per share for the quarter, beating 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 business had revenue of $173.02 million during the quarter, compared to the consensus estimate of $171.65 million. As a group, equities analysts predict that Tilly’s will post -0.61 earnings per share for the current year.

Insider Activity

In related news, major shareholder Fund 1 Investments, Llc bought 24,000 shares of Tilly’s stock in a transaction dated Wednesday, January 17th. The stock was acquired at an average cost of $7.40 per share, with a total value of $177,600.00. Following the completion of the acquisition, the insider now directly owns 4,653,329 shares in the company, valued at approximately $34,434,634.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 403,320 shares of company stock valued at $2,956,114 over the last three months. Insiders own 27.96% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TLYS. Shay Capital LLC raised its position in Tilly’s by 417.6% during the fourth quarter. Shay Capital LLC now owns 717,700 shares of the specialty retailer’s stock valued at $6,495,000 after buying an additional 579,046 shares during the period. Divisar Capital Management LLC increased its position in Tilly’s by 28.2% in the 1st quarter. Divisar Capital Management LLC now owns 1,177,216 shares of the specialty retailer’s stock worth $11,019,000 after purchasing an additional 258,900 shares during the last quarter. State Street Corp increased its position in Tilly’s by 62.1% in the 1st quarter. State Street Corp now owns 656,436 shares of the specialty retailer’s stock worth $6,144,000 after purchasing an additional 251,559 shares during the last quarter. Fund 1 Investments LLC increased its position in Tilly’s by 3.7% in the 4th quarter. Fund 1 Investments LLC now owns 6,624,603 shares of the specialty retailer’s stock worth $49,950,000 after purchasing an additional 236,800 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in Tilly’s in the 1st quarter worth about $1,336,000. 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, as well as hardgoods consists of skateboards, longboards, and related equipment for skateboarding, snowboarding, and surfing.