Tilly’s (NYSE:TLYS) Shares Pass Below Fifty Day Moving Average – Here’s Why

Tilly’s, Inc. (NYSE:TLYS) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.01 and traded as low as $3.55. Tilly’s shares last traded at $3.76, with a volume of 116,505 shares.

Analyst Upgrades and Downgrades

TLYS has been the subject of a number of research analyst reports. StockNews.com lowered Tilly’s from a “hold” rating to a “sell” rating in a report on Monday, December 9th. B. Riley reduced their price objective on Tilly’s from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, December 6th.

Tilly’s Price Performance

The company’s 50 day simple moving average is $4.01 and its two-hundred day simple moving average is $4.35.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.16). Tilly’s had a negative return on equity of 25.44% and a negative net margin of 8.92%. During the same quarter last year, the company earned ($0.03) earnings per share. Equities research analysts expect that Tilly’s, Inc. will post -1.08 earnings per share for the current year.

Hedge Funds Weigh In On Tilly’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new position in shares of Tilly’s during the 4th quarter worth $2,184,000. Shay Capital LLC boosted its holdings in Tilly’s by 8.4% in the fourth quarter. Shay Capital LLC now owns 2,279,000 shares of the specialty retailer’s stock worth $9,686,000 after purchasing an additional 176,478 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Tilly’s during the third quarter worth $297,000. JPMorgan Chase & Co. raised its holdings in Tilly’s by 276.1% during the fourth quarter. JPMorgan Chase & Co. now owns 41,237 shares of the specialty retailer’s stock valued at $175,000 after buying an additional 30,273 shares in the last quarter. Finally, Long Focus Capital Management LLC boosted its stake in shares of Tilly’s by 1.4% during the 4th quarter. Long Focus Capital Management LLC now owns 2,181,931 shares of the specialty retailer’s stock worth $9,273,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors 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.