Tilly’s (NYSE:TLYS) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Tilly’s, Inc. (NYSE:TLYS) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.95 and traded as low as $3.90. Tilly’s shares last traded at $4.25, with a volume of 189,497 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on TLYS. StockNews.com lowered shares of Tilly’s from a “hold” rating to a “sell” rating in a report on Monday, December 9th. B. Riley dropped their price target on Tilly’s from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th.

Tilly’s Stock Down 0.2 %

The stock’s fifty day moving average price is $3.96 and its 200-day moving average price is $4.68. The company has a market capitalization of $137.19 million, a price-to-earnings ratio of -2.57 and a beta of 1.60.

Institutional Investors Weigh In On Tilly’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Tilly’s by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 10,964 shares of the specialty retailer’s stock worth $56,000 after buying an additional 4,045 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Tilly’s during the 2nd quarter worth approximately $39,000. First Eagle Investment Management LLC boosted its stake in shares of Tilly’s by 2.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 438,157 shares of the specialty retailer’s stock worth $2,642,000 after acquiring an additional 9,500 shares during the period. Geode Capital Management LLC increased its holdings in shares of Tilly’s by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 397,717 shares of the specialty retailer’s stock worth $2,029,000 after acquiring an additional 10,258 shares during the last quarter. Finally, Barclays PLC raised its stake in Tilly’s by 230.7% in the 3rd quarter. Barclays PLC now owns 19,955 shares of the specialty retailer’s stock valued at $102,000 after acquiring an additional 13,921 shares during the period. Institutional investors own 76.38% of the company’s stock.

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.