Tilly's, Inc. (NYSE:TLYS - Get Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,180,000 shares, an increase of 28.3% from the February 28th total of 919,800 shares. Based on an average daily trading volume, of 115,500 shares, the short-interest ratio is currently 10.2 days. Currently, 5.3% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
A number of research firms recently commented on TLYS. StockNews.com lowered Tilly's from a "hold" rating to a "sell" rating in a research report on Monday, December 9th. Roth Mkm lowered their target price on Tilly's from $5.00 to $2.50 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, B. Riley cut their price target on Tilly's from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, December 6th.
Read Our Latest Research Report on TLYS
Institutional Investors Weigh In On Tilly's
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Tilly's by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 10,964 shares of the specialty retailer's stock valued at $56,000 after acquiring an additional 4,045 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Tilly's by 31.4% in the 4th quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer's stock valued at $75,000 after purchasing an additional 4,193 shares during the last quarter. Barclays PLC grew its position in shares of Tilly's by 19.5% during the 4th quarter. Barclays PLC now owns 23,850 shares of the specialty retailer's stock worth $101,000 after buying an additional 3,895 shares during the period. Virtu Financial LLC bought a new stake in shares of Tilly's during the third quarter worth approximately $108,000. Finally, Nuveen Asset Management LLC lifted its holdings in Tilly's by 12.5% in the fourth quarter. Nuveen Asset Management LLC now owns 61,845 shares of the specialty retailer's stock valued at $263,000 after buying an additional 6,895 shares during the period. 76.38% of the stock is owned by institutional investors and hedge funds.
Tilly's Trading Up 8.6 %
Shares of Tilly's stock traded up $0.17 during midday trading on Friday, reaching $2.08. The company had a trading volume of 86,942 shares, compared to its average volume of 89,687. The stock has a fifty day simple moving average of $3.37 and a 200 day simple moving average of $3.91. Tilly's has a 1-year low of $1.73 and a 1-year high of $6.41. The company has a market capitalization of $62.57 million, a price-to-earnings ratio of -1.17 and a beta of 1.58.
About Tilly's
(
Get Free Report)
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.
Further Reading
Before you consider Tilly's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilly's wasn't on the list.
While Tilly's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
