Roth Mkm Cuts Tilly’s (NYSE:TLYS) Price Target to $2.50

Tilly’s (NYSE:TLYS) had its price objective decreased by Roth Mkm from $5.00 to $2.50 in a research note released on Friday,Benzinga reports. Roth Mkm currently has a neutral rating on the specialty retailer’s stock.

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

Tilly’s Price Performance

Shares of TLYS opened at $2.41 on Friday. The company has a market capitalization of $72.67 million, a PE ratio of -1.36 and a beta of 1.58. Tilly’s has a one year low of $2.25 and a one year high of $6.98. The company’s fifty day moving average price is $3.96 and its 200 day moving average price is $4.19.

Institutional Investors Weigh In On Tilly’s

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 4,045 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Tilly’s by 31.4% during the 4th quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer’s stock valued at $75,000 after acquiring an additional 4,193 shares in the last quarter. Barclays PLC boosted its holdings in shares of Tilly’s by 19.5% during the 4th quarter. Barclays PLC now owns 23,850 shares of the specialty retailer’s stock valued at $101,000 after acquiring an additional 3,895 shares in the last quarter. Virtu Financial LLC bought a new position in Tilly’s during the 3rd quarter worth $108,000. Finally, Nuveen Asset Management LLC raised its position in Tilly’s by 12.5% during the 4th quarter. Nuveen Asset Management LLC now owns 61,845 shares of the specialty retailer’s stock worth $263,000 after purchasing an additional 6,895 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors.

About Tilly’s

Tilly’s, Inc engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA.