Roth Mkm Cuts Tilly’s (NYSE:TLYS) Price Target to $7.50

Tilly’s (NYSE:TLYS) had its target price trimmed by Roth Mkm from $8.50 to $7.50 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

TLYS has been the subject of a number of other reports. StockNews.com cut Tilly’s from a hold rating to a sell rating in a research report on Monday, January 8th. B. Riley decreased their price objective on Tilly’s from $8.75 to $8.25 and set a neutral rating for the company in a report on Friday. Finally, Roth Capital cut shares of Tilly’s from a buy rating to a neutral rating in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, Tilly’s presently has an average rating of Hold and a consensus price target of $7.88.

Tilly’s Price Performance

Shares of Tilly’s stock traded down $0.13 during trading hours on Friday, hitting $6.80. The company had a trading volume of 138,821 shares, compared to its average volume of 100,297. The company’s 50-day moving average is $7.40 and its two-hundred day moving average is $7.79. Tilly’s has a twelve month low of $6.05 and a twelve month high of $9.50. The company has a market cap of $203.80 million, a P/E ratio of -5.86 and a beta of 1.59.

Tilly’s (NYSE:TLYS) last released its quarterly earnings data on Thursday, March 14th. The specialty retailer reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.05. Tilly’s had a negative net margin of 5.54% and a negative return on equity of 11.57%. The company had revenue of $173.02 million during the quarter, compared to the consensus estimate of $171.65 million. Sell-side analysts expect that Tilly’s will post -0.5 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc purchased 56,778 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $7.51 per share, with a total value of $426,402.78. Following the completion of the acquisition, the insider now directly owns 4,903,257 shares in the company, valued at $36,823,460.07. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 495,022 shares of company stock valued at $3,624,866. 27.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tilly’s

A number of hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Tilly’s in the second quarter valued at $29,000. State of Wyoming lifted its stake in shares of Tilly’s by 51.4% in the second quarter. State of Wyoming now owns 5,263 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 1,787 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Tilly’s by 97.8% in the fourth quarter. BNP Paribas Financial Markets now owns 6,620 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 3,274 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Tilly’s by 461.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,300 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 6,000 shares during the period. Finally, Barclays PLC lifted its stake in shares of Tilly’s by 366.3% in the fourth quarter. Barclays PLC now owns 6,071 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 4,769 shares during the period. Institutional investors and hedge funds own 78.84% of the company’s stock.

Tilly’s Company Profile

Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, swim, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others, as well as hardgoods consists of skateboards, longboards, and related equipment for skateboarding, snowboarding, and surfing.