Tilly’s (NYSE:TLYS) Stock Passes Below 50-Day Moving Average – What’s Next?

Tilly’s, Inc. (NYSE:TLYS) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.43 and traded as low as $3.58. Tilly’s shares last traded at $3.67, with a volume of 29,134 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TLYS shares. B. Riley cut their price objective on Tilly’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, September 6th. StockNews.com raised Tilly’s from a “sell” rating to a “hold” rating in a report on Friday, September 6th.

Tilly’s Price Performance

The firm has a market cap of $110.65 million, a PE ratio of -2.68 and a beta of 1.58. The company has a 50 day simple moving average of $4.43 and a 200-day simple moving average of $5.08.

Institutional Trading of Tilly’s

Institutional investors have recently made changes to their positions in the stock. Long Focus Capital Management LLC raised its holdings in shares of Tilly’s by 17.5% during the second quarter. Long Focus Capital Management LLC now owns 2,151,931 shares of the specialty retailer’s stock valued at $12,976,000 after acquiring an additional 320,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Tilly’s by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,282,467 shares of the specialty retailer’s stock valued at $8,721,000 after acquiring an additional 8,547 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Tilly’s by 2.2% during the second quarter. First Eagle Investment Management LLC now owns 438,157 shares of the specialty retailer’s stock valued at $2,642,000 after acquiring an additional 9,500 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tilly’s by 2.6% during the third quarter. Geode Capital Management LLC now owns 397,717 shares of the specialty retailer’s stock valued at $2,029,000 after acquiring an additional 10,258 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Tilly’s during the third quarter valued at approximately $297,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.

About Tilly’s

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.