Tilly’s, Inc. (NYSE:TLYS) Short Interest Update

Tilly’s, Inc. (NYSE:TLYS) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,630,000 shares, a growth of 25.4% from the April 30th total of 1,300,000 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average daily volume of 217,300 shares, the short-interest ratio is currently 7.5 days.

Tilly’s Stock Down 0.1%

Shares of NYSE TLYS opened at $1.34 on Thursday. Tilly’s has a twelve month low of $0.57 and a twelve month high of $6.28. The stock’s 50 day moving average price is $1.46 and its 200-day moving average price is $2.97. The company has a market capitalization of $40.37 million, a PE ratio of -0.76 and a beta of 1.42.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.08). Tilly’s had a negative net margin of 8.92% and a negative return on equity of 25.44%. The firm had revenue of $107.61 million during the quarter, compared to analysts’ expectations of $108.20 million. As a group, research analysts expect that Tilly’s will post -1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their target price on Tilly’s from $5.00 to $2.50 and set a “neutral” rating on the stock in a research note on Friday, March 14th.

Insider Buying and Selling at Tilly’s

In other Tilly’s news, major shareholder Shay Capital Llc bought 90,678 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $1.23 per share, for a total transaction of $111,533.94. Following the purchase, the insider now directly owns 2,867,422 shares of the company’s stock, valued at approximately $3,526,929.06. This represents a 3.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 275,963 shares of company stock worth $303,984. Insiders own 27.14% of the company’s stock.

Hedge Funds Weigh In On Tilly’s

Several institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in Tilly’s by 19.5% in the fourth quarter. Barclays PLC now owns 23,850 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 3,895 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Tilly’s by 58.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,964 shares of the specialty retailer’s stock valued at $56,000 after acquiring an additional 4,045 shares during the period. Bank of America Corp DE raised its holdings in 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 during the period. Nuveen Asset Management LLC raised its holdings 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 valued at $263,000 after acquiring an additional 6,895 shares during the period. Finally, Long Focus Capital Management LLC raised its holdings in Tilly’s by 1.4% during the 4th quarter. Long Focus Capital Management LLC now owns 2,181,931 shares of the specialty retailer’s stock valued at $9,273,000 after acquiring an additional 30,000 shares during the period. Hedge funds and other institutional investors own 76.38% of the company’s stock.

Tilly’s Company Profile

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.