Tilly’s (NYSE:TLYS) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Tilly’s, Inc. (NYSE:TLYS) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.56 and traded as low as $4.10. Tilly’s shares last traded at $4.10, with a volume of 47,172 shares traded.

Analysts Set New Price Targets

TLYS has been the subject of several research analyst reports. B. Riley decreased their price target on shares of 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 research note on Friday, September 6th.

Tilly’s Stock Down 4.2 %

The stock’s 50 day simple moving average is $4.56 and its two-hundred day simple moving average is $5.19.

Institutional Trading of Tilly’s

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Tilly’s by 61.0% in the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 4,035 shares in the last quarter. Rothschild Investment LLC bought a new position in Tilly’s in the second quarter valued at $39,000. Vanguard Group Inc. increased its stake in Tilly’s by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,282,467 shares of the specialty retailer’s stock valued at $8,721,000 after buying an additional 8,547 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Tilly’s by 2.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 438,157 shares of the specialty retailer’s stock worth $2,642,000 after buying an additional 9,500 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Tilly’s during the 3rd quarter worth about $297,000. Institutional investors and hedge funds 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.