Tilly’s (NYSE:TLYS) Price Target Lowered to $6.00 at B. Riley

Tilly’s (NYSE:TLYS) had its price target cut by equities research analysts at B. Riley from $7.00 to $6.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. B. Riley’s target price would indicate a potential upside of 29.59% from the stock’s current price.

TLYS has been the subject of a number of other reports. Roth Mkm lowered their price target on Tilly’s from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Friday, June 7th. StockNews.com lowered Tilly’s from a “hold” rating to a “sell” rating in a research report on Monday, June 10th.

Tilly’s Trading Down 2.5 %

TLYS stock traded down $0.12 during midday trading on Friday, hitting $4.63. 25,166 shares of the company’s stock were exchanged, compared to its average volume of 92,460. Tilly’s has a 12-month low of $4.37 and a 12-month high of $8.82. The stock has a market capitalization of $139.27 million, a price-to-earnings ratio of -3.28 and a beta of 1.56. The firm has a 50 day moving average price of $5.35 and a 200-day moving average price of $5.92.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.02). Tilly’s had a negative net margin of 6.85% and a negative return on equity of 14.38%. The firm had revenue of $115.86 million during the quarter, compared to the consensus estimate of $115.57 million. On average, sell-side analysts forecast that Tilly’s will post -0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tilly’s news, CFO Michael Henry purchased 5,000 shares of Tilly’s stock in a transaction on Friday, June 21st. The stock was bought at an average price of $5.01 per share, for a total transaction of $25,050.00. Following the transaction, the chief financial officer now owns 45,000 shares of the company’s stock, valued at approximately $225,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Tilly’s news, Director Janet Kerr sold 20,000 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $5.38, for a total transaction of $107,600.00. Following the completion of the transaction, the director now owns 28,996 shares in the company, valued at approximately $155,998.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Henry acquired 5,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average price of $5.01 per share, with a total value of $25,050.00. Following the acquisition, the chief financial officer now owns 45,000 shares of the company’s stock, valued at $225,450. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 372,118 shares of company stock worth $2,021,693 and sold 30,375 shares worth $162,049. 27.14% of the stock is currently owned by insiders.

Institutional Trading of Tilly’s

Several institutional investors have recently modified their holdings of TLYS. First Eagle Investment Management LLC lifted its holdings in shares of Tilly’s by 7.4% in the fourth quarter. First Eagle Investment Management LLC now owns 376,233 shares of the specialty retailer’s stock valued at $2,837,000 after buying an additional 26,081 shares during the period. Fund 1 Investments LLC lifted its holdings in shares of Tilly’s by 3.7% in the fourth quarter. Fund 1 Investments LLC now owns 6,624,603 shares of the specialty retailer’s stock valued at $49,950,000 after buying an additional 236,800 shares during the period. Sierra Summit Advisors LLC acquired a new stake in shares of Tilly’s in the fourth quarter valued at $222,000. BNP Paribas Financial Markets lifted its holdings in shares of Tilly’s by 61.0% in the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 4,035 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Tilly’s by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,282,467 shares of the specialty retailer’s stock valued at $8,721,000 after buying an additional 8,547 shares during the period. Institutional investors and hedge funds own 76.38% of the company’s stock.

Tilly’s Company Profile

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.