Tilly’s (NYSE:TLYS) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Tilly’s, Inc. (NYSE:TLYS) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.66 and traded as low as $2.10. Tilly’s shares last traded at $2.22, with a volume of 45,792 shares traded.

Analysts Set New Price Targets

Several brokerages have weighed in on TLYS. StockNews.com downgraded Tilly’s from a “hold” rating to a “sell” rating in a report on Monday, December 9th. Roth Mkm lowered their price target on Tilly’s from $5.00 to $2.50 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, B. Riley dropped their price objective on shares of Tilly’s from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, December 6th.

Tilly’s Stock Performance

The business’s fifty day simple moving average is $3.66 and its 200 day simple moving average is $4.04. The stock has a market cap of $66.94 million, a price-to-earnings ratio of -1.25 and a beta of 1.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Tilly’s by 58.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,964 shares of the specialty retailer’s stock worth $56,000 after purchasing an additional 4,045 shares during the last quarter. Bank of America Corp DE grew its position in shares of Tilly’s by 31.4% during the fourth quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer’s stock worth $75,000 after buying an additional 4,193 shares in the last quarter. Barclays PLC raised its holdings in Tilly’s by 19.5% in the fourth quarter. Barclays PLC now owns 23,850 shares of the specialty retailer’s stock valued at $101,000 after acquiring an additional 3,895 shares in the last quarter. Virtu Financial LLC acquired a new stake in Tilly’s in the third quarter valued at $108,000. Finally, Nuveen Asset Management LLC boosted its stake in Tilly’s by 12.5% during the 4th quarter. Nuveen Asset Management LLC now owns 61,845 shares of the specialty retailer’s stock valued at $263,000 after acquiring an additional 6,895 shares during the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

About Tilly’s

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.