Tilly's (NYSE:TLYS) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Tilly's, Inc. (NYSE:TLYS - Get Free Report)'s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.14 and traded as low as $1.70. Tilly's shares last traded at $1.91, with a volume of 385,279 shares changing hands.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price objective on Tilly's from $5.00 to $2.50 and set a "neutral" rating on the stock in a research note on Friday, March 14th.

Tilly's Stock Down 5.3 %

The firm has a market cap of $50.81 million, a PE ratio of -0.95 and a beta of 1.59. The company has a 50-day simple moving average of $3.01 and a two-hundred day simple moving average of $3.74.

Institutional Trading of Tilly's

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Tilly's by 58.5% in the 3rd 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 last quarter. Bank of America Corp DE raised its position in shares of Tilly's by 31.4% in the fourth 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 period. Barclays PLC lifted its stake in shares of Tilly's by 230.7% during the 3rd quarter. Barclays PLC now owns 19,955 shares of the specialty retailer's stock valued at $102,000 after buying an additional 13,921 shares in the last quarter. Virtu Financial LLC purchased a new position in Tilly's in the 3rd quarter valued at approximately $108,000. Finally, Jane Street Group LLC raised its holdings in 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 acquiring an additional 29,581 shares during the period. 76.38% of the stock is owned by hedge funds and other institutional investors.

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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.