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

Tilly’s, Inc. (NYSE:TLYS) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.95 and traded as low as $3.90. Tilly’s shares last traded at $4.25, with a volume of 189,497 shares.

Wall Street Analysts Forecast Growth

TLYS has been the topic of several recent analyst reports. StockNews.com lowered Tilly’s from a “hold” rating to a “sell” rating in a research note on Monday, December 9th. B. Riley dropped their target price on shares of Tilly’s from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th.

Tilly’s Stock Performance

The company has a market capitalization of $128.15 million, a price-to-earnings ratio of -2.40 and a beta of 1.60. The company has a 50 day moving average price of $3.95 and a 200 day moving average price of $4.68.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TLYS. JPMorgan Chase & Co. raised its position in Tilly’s by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,964 shares of the specialty retailer’s stock valued at $56,000 after buying an additional 4,045 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tilly’s in the 3rd quarter worth $108,000. Barclays PLC raised its holdings in shares of Tilly’s by 230.7% in the third quarter. Barclays PLC now owns 19,955 shares of the specialty retailer’s stock valued at $102,000 after purchasing an additional 13,921 shares during the last quarter. Geode Capital Management LLC lifted its position 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 purchasing an additional 10,258 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Tilly’s by 113.6% during the third quarter. Jane Street Group LLC now owns 55,632 shares of the specialty retailer’s stock valued at $284,000 after purchasing an additional 29,581 shares in the last quarter. 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.