B. Riley Trims Tilly’s (NYSE:TLYS) Target Price to $6.00

Tilly’s (NYSE:TLYS) had its target price lowered by B. Riley from $7.00 to $6.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

Other research analysts have also issued reports about the company. StockNews.com lowered Tilly’s from a hold rating to a sell rating in a report on Monday, June 10th. Roth Mkm decreased their price target on shares of Tilly’s from $7.50 to $6.00 and set a neutral rating on the stock in a research note on Friday, June 7th.

Tilly’s Trading Up 0.4 %

Tilly’s stock opened at $4.56 on Friday. The company has a market capitalization of $137.16 million, a price-to-earnings ratio of -3.23 and a beta of 1.56. Tilly’s has a 12 month low of $4.37 and a 12 month high of $8.82. The stock’s 50 day moving average is $5.31 and its 200-day moving average is $5.87.

Insider Activity at Tilly’s

In related news, major shareholder Fund 1 Investments, Llc acquired 100,000 shares of the stock in a transaction on Thursday, June 27th. The shares were purchased at an average price of $5.14 per share, for a total transaction of $514,000.00. Following the purchase, the insider now directly owns 5,585,169 shares in the company, valued at $28,707,768.66. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Fund 1 Investments, Llc acquired 100,000 shares of Tilly’s stock in a transaction on Thursday, June 27th. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the insider now directly owns 5,585,169 shares of the company’s stock, valued at approximately $28,707,768.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Janet Kerr sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $5.38, for a total transaction of $107,600.00. Following the completion of the transaction, the director now owns 28,996 shares of the company’s stock, valued at $155,998.48. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 372,118 shares of company stock worth $2,021,693 and sold 30,375 shares worth $162,049. 27.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tilly’s

Large investors have recently modified their holdings of the business. Fund 1 Investments LLC lifted its position in shares of Tilly’s by 3.7% during the 4th quarter. Fund 1 Investments LLC now owns 6,624,603 shares of the specialty retailer’s stock worth $49,950,000 after buying an additional 236,800 shares during the last quarter. Long Focus Capital Management LLC raised its stake in 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 worth $12,976,000 after acquiring an additional 320,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 8,547 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of 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 valued at $2,642,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new position in Tilly’s during the 4th quarter worth approximately $222,000. 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.