Tilly's (NYSE:TLYS) Stock Price Down 8.1% - Here's What Happened

Key Points

• Tilly's stock price declined by 8.1% to $1.81 after reaching a low of $1.75, with trading volume down 34% from its average.
• Analysts from B. Riley have lowered their price target for Tilly's from $2.50 to $2.00, maintaining a "neutral" rating on the stock.
• Tilly's reported a quarterly earnings loss of ($0.74) per share, falling short of analysts' expectations and showing negative margins and return on equity.

Tilly's, Inc. (NYSE:TLYS - Get Free Report) fell 8.1% during trading on Friday . The stock traded as low as $1.75 and last traded at $1.81. 344,221 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 524,333 shares. The stock had previously closed at $1.97.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their price objective on Tilly's from $2.50 to $2.00 and set a "neutral" rating for the company in a report on Thursday, June 5th.

Tilly's Trading Down 7.6%

The business has a 50 day moving average of $1.35 and a two-hundred day moving average of $2.29. The firm has a market cap of $54.87 million, a P/E ratio of -1.12 and a beta of 1.39.

Tilly's (NYSE:TLYS - Get Free Report) last posted its earnings results on Wednesday, June 4th. The specialty retailer reported ($0.74) earnings per share for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.08). Tilly's had a negative return on equity of 46.32% and a negative net margin of 8.69%. The firm had revenue of $107.61 million for the quarter, compared to analyst estimates of $108.20 million. On average, sell-side analysts predict that Tilly's, Inc. will post -1.08 EPS for the current year.

Insider Buying and Selling at Tilly's

In related news, major shareholder Shay Capital Llc purchased 59,935 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was acquired at an average price of $1.45 per share, with a total value of $86,905.75. Following the completion of the purchase, the insider directly owned 3,200,000 shares in the company, valued at $4,640,000. This trade represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 608,541 shares of company stock worth $776,590 over the last three months. 2.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in Tilly's by 31.4% in the fourth quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer's stock valued at $75,000 after purchasing an additional 4,193 shares in the last quarter. Barclays PLC raised its stake in Tilly's by 19.5% in the fourth quarter. Barclays PLC now owns 23,850 shares of the specialty retailer's stock valued at $101,000 after purchasing an additional 3,895 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Tilly's by 276.1% in the fourth quarter. JPMorgan Chase & Co. now owns 41,237 shares of the specialty retailer's stock valued at $175,000 after purchasing an additional 30,273 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Tilly's by 12.5% in the fourth quarter. Nuveen Asset Management LLC now owns 61,845 shares of the specialty retailer's stock valued at $263,000 after purchasing an additional 6,895 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Tilly's in the first quarter valued at about $136,000. Institutional investors and hedge funds own 76.38% of the company's stock.

Tilly's Company Profile

Tilly's, Inc engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA.