Tilly's (NYSE:TLYS) Shares Pass Below 50-Day Moving Average of $6.52

Tilly's, Inc. (NYSE:TLYS - Get Free Report)'s share price passed 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 research analysts have issued reports on TLYS shares. B. Riley dropped their target price on shares of Tilly's from $8.75 to $8.25 and set a "neutral" rating for the company in a report on Friday, March 15th. StockNews.com raised Tilly's from a "sell" rating to a "hold" rating in a research note on Friday, April 12th. Finally, Roth Mkm decreased their target price on Tilly's from $8.50 to $7.50 and set a "neutral" rating on the stock in a research report on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.88.

Tilly's Trading Up 1.0 %

The company has a market capitalization of $178.50 million, a PE ratio of -5.07 and a beta of 1.59. The company's 50 day moving average price is $6.52 and its 200-day moving average price is $7.30.

Tilly's (NYSE:TLYS - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.05. Tilly's had a negative net margin of 5.54% and a negative return on equity of 11.93%. The firm had revenue of $173.02 million for the quarter, compared to analyst estimates of $171.65 million. As a group, analysts predict that Tilly's, Inc. will post -0.61 earnings per share for the current year.

Insider Buying and Selling at Tilly's

In other news, major shareholder Fund 1 Investments, Llc purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $7.66 per share, with a total value of $76,600.00. Following the purchase, the insider now directly owns 5,149,757 shares of the company's stock, valued at approximately $39,447,138.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 210,392 shares of company stock valued at $1,518,430 over the last 90 days. 27.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in Tilly's by 461.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,300 shares of the specialty retailer's stock worth $55,000 after purchasing an additional 6,000 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Tilly's by 61.0% during the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 4,035 shares during the period. SG Americas Securities LLC acquired a new position in Tilly's in the fourth quarter valued at approximately $91,000. Sierra Summit Advisors LLC acquired a new stake in shares of Tilly's during the 4th quarter worth approximately $222,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Tilly's by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 131,314 shares of the specialty retailer's stock worth $1,066,000 after purchasing an additional 1,985 shares during the last quarter. 76.38% of the stock is currently owned by 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.