Tilly’s (NYSE:TLYS) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Tilly’s, Inc. (NYSE:TLYS) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.83 and traded as low as $3.37. Tilly’s shares last traded at $3.38, with a volume of 54,778 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TLYS shares. B. Riley decreased their target price on shares of Tilly’s from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. StockNews.com lowered Tilly’s from a “hold” rating to a “sell” rating in a research report on Monday, December 9th.

Tilly’s Trading Down 2.0 %

The firm has a 50 day simple moving average of $4.12 and a 200 day simple moving average of $4.83. The firm has a market capitalization of $101.91 million, a PE ratio of -1.91 and a beta of 1.60.

Hedge Funds Weigh In On Tilly’s

Several hedge funds and other institutional investors have recently modified their holdings of the company. Long Focus Capital Management LLC increased its position 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 valued at $12,976,000 after acquiring an additional 320,000 shares during the last quarter. First Eagle Investment Management LLC increased its position 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. Geode Capital Management LLC increased its position in shares of Tilly’s by 2.6% during the 3rd 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 during the last quarter. GSA Capital Partners LLP bought a new position in shares of Tilly’s in the 3rd quarter worth approximately $297,000. Finally, Jane Street Group LLC boosted its holdings in shares of Tilly’s by 113.6% in the third quarter. Jane Street Group LLC now owns 55,632 shares of the specialty retailer’s stock worth $284,000 after buying an additional 29,581 shares during the last quarter. 76.38% of the stock is owned by institutional investors.

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.