Tilly's (NYSE:TLYS) Stock Crosses Above Fifty Day Moving Average - Here's Why

Tilly's, Inc. (NYSE:TLYS - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.05 and traded as high as $4.60. Tilly's shares last traded at $4.31, with a volume of 88,334 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on TLYS shares. B. Riley dropped their target price on Tilly's from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Friday, December 6th. StockNews.com lowered Tilly's from a "hold" rating to a "sell" rating in a research note on Monday, December 9th.

Tilly's Trading Down 1.5 %

The stock has a market capitalization of $124.43 million, a price-to-earnings ratio of -2.33 and a beta of 1.55. The firm has a 50-day moving average of $4.06 and a 200-day moving average of $4.46.

Tilly's (NYSE:TLYS - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.92% and a negative return on equity of 25.44%. During the same period last year, the business earned ($0.03) earnings per share. On average, equities research analysts anticipate that Tilly's, Inc. will post -1.08 EPS for the current year.

Institutional Trading of Tilly's

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Tilly's by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 10,964 shares of the specialty retailer's stock worth $56,000 after acquiring an additional 4,045 shares during the period. Barclays PLC grew its position in Tilly's by 230.7% during the 3rd quarter. Barclays PLC now owns 19,955 shares of the specialty retailer's stock worth $102,000 after purchasing an additional 13,921 shares during the period. Virtu Financial LLC acquired a new stake in Tilly's during the 3rd quarter worth about $108,000. Jane Street Group LLC raised its stake in shares of Tilly's by 113.6% during the 3rd quarter. Jane Street Group LLC now owns 55,632 shares of the specialty retailer's stock valued at $284,000 after buying an additional 29,581 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Tilly's in the 3rd quarter valued at about $297,000. 76.38% of the stock is currently owned by institutional investors and hedge funds.

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.