Russell Investments Group Ltd. lowered its holdings in shares of Tilly’s, Inc. (NYSE:TLYS) by 27.2% in the second quarter, Holdings Channel reports. The firm owned 167,321 shares of the specialty retailer’s stock after selling 62,602 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tilly’s were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Acuitas Investments LLC grew its stake in shares of Tilly’s by 544.6% in the 2nd quarter. Acuitas Investments LLC now owns 4,871,171 shares of the specialty retailer’s stock valued at $7,196,000 after purchasing an additional 4,115,523 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in Tilly’s in the 2nd quarter valued at $4,252,000. Renaissance Technologies LLC increased its stake in Tilly’s by 14.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,712,381 shares of the specialty retailer’s stock valued at $19,384,000 after buying an additional 215,668 shares during the period. Friess Associates LLC purchased a new position in Tilly’s during the 1st quarter worth $2,185,000. Finally, EAM Investors LLC acquired a new stake in shares of Tilly’s in the 1st quarter worth $1,380,000. 62.98% of the stock is currently owned by institutional investors.
TLYS opened at $14.38 on Wednesday. The company has a market cap of $433.80 million, a price-to-earnings ratio of 10.42, a PEG ratio of 0.85 and a beta of 2.10. Tilly’s, Inc. has a one year low of $5.83 and a one year high of $16.93. The business’s fifty day moving average is $15.26 and its two-hundred day moving average is $13.81.
In other Tilly’s news, Director Bernard Zeichner sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 28th. The shares were sold at an average price of $16.09, for a total transaction of $80,450.00. Following the sale, the director now directly owns 71,894 shares of the company’s stock, valued at approximately $1,156,774.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hezy Shaked sold 41,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $16.50, for a total transaction of $688,875.00. Following the transaction, the insider now directly owns 83,000 shares in the company, valued at approximately $1,369,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,750 shares of company stock valued at $964,565. Corporate insiders own 28.16% of the company’s stock.
A number of equities research analysts recently commented on TLYS shares. Zacks Investment Research upgraded shares of Tilly’s from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, August 27th. Roth Capital upped their price objective on Tilly’s from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 4th. Pivotal Research increased their price objective on Tilly’s from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, August 31st. Finally, B. Riley boosted their target price on shares of Tilly’s from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 3rd.
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.
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