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

Tilly’s (NYSE:TLYS) had its price objective cut by stock analysts at B. Riley from $7.00 to $6.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. B. Riley’s price objective indicates a potential upside of 29.59% from the company’s previous close.

Several other research analysts have also weighed in on TLYS. Roth Mkm dropped their price target on Tilly’s from $7.50 to $6.00 and set a “neutral” rating on the stock in a research 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 %

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

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

Insider Buying and Selling

In other Tilly’s news, major shareholder Fund 1 Investments, Llc bought 100,000 shares of Tilly’s stock in a transaction on Thursday, June 27th. The stock was purchased at an average cost of $5.14 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the insider now directly owns 5,585,169 shares of the company’s stock, valued at $28,707,768.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Fund 1 Investments, Llc purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was bought at an average price of $5.14 per share, for a total transaction of $514,000.00. Following the purchase, the insider now owns 5,585,169 shares in the company, valued at approximately $28,707,768.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Seth R. Johnson sold 5,148 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $5.50, for a total value of $28,314.00. Following the completion of the transaction, the director now directly owns 93,345 shares in the company, valued at $513,397.50. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 372,118 shares of company stock worth $2,021,693 and have sold 30,375 shares worth $162,049. 27.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fund 1 Investments LLC raised its holdings in Tilly’s by 3.7% in the 4th quarter. Fund 1 Investments LLC now owns 6,624,603 shares of the specialty retailer’s stock worth $49,950,000 after acquiring an additional 236,800 shares during the period. Long Focus Capital Management LLC grew its position in Tilly’s by 17.5% in the 2nd quarter. Long Focus Capital Management LLC now owns 2,151,931 shares of the specialty retailer’s stock worth $12,976,000 after purchasing an additional 320,000 shares during the last quarter. Vanguard Group Inc. grew its position in Tilly’s by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,282,467 shares of the specialty retailer’s stock worth $8,721,000 after purchasing an additional 8,547 shares during the last quarter. First Eagle Investment Management LLC grew its position in Tilly’s by 2.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 438,157 shares of the specialty retailer’s stock worth $2,642,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new stake in Tilly’s in the 4th quarter worth $222,000. Institutional investors 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.