Smith Asset Management Group LP raised its position in Tilly’s Inc (NYSE:TLYS) by 417.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,475 shares of the specialty retailer’s stock after purchasing an additional 89,120 shares during the quarter. Smith Asset Management Group LP owned 0.38% of Tilly’s worth $2,094,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TLYS. Harvest Fund Management Co. Ltd purchased a new stake in Tilly’s in the third quarter valued at approximately $138,000. Victory Capital Management Inc. acquired a new position in shares of Tilly’s in the third quarter worth $210,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Tilly’s in the second quarter worth $222,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Tilly’s in the second quarter worth $262,000. Finally, Citadel Advisors LLC grew its stake in shares of Tilly’s by 222.5% in the second quarter. Citadel Advisors LLC now owns 19,225 shares of the specialty retailer’s stock worth $291,000 after acquiring an additional 34,925 shares in the last quarter. 49.68% of the stock is currently owned by institutional investors.
NYSE:TLYS opened at $17.35 on Wednesday. The firm has a market capitalization of $488.86 million, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.85 and a beta of 0.13. Tilly’s Inc has a 52 week low of $10.72 and a 52 week high of $25.46.
Several equities analysts have commented on TLYS shares. B. Riley boosted their price target on shares of Tilly’s from $17.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Pivotal Research downgraded shares of Tilly’s from a “buy” rating to a “hold” rating and boosted their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, September 4th. William Blair upgraded shares of Tilly’s from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 30th. Roth Capital set a $22.00 price target on shares of Tilly’s and gave the stock a “buy” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research upgraded shares of Tilly’s from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Saturday, September 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $22.60.
In related news, major shareholder Tilly Levine sold 20,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $16.25, for a total transaction of $325,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Seth R. Johnson sold 7,500 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $19.03, for a total transaction of $142,725.00. Following the transaction, the director now owns 66,362 shares of the company’s stock, valued at approximately $1,262,868.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,443,521 shares of company stock valued at $100,723,314. Insiders own 48.26% of the company’s stock.
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Tilly's, Inc retails casual apparel, footwear, and accessories for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hats, sunglasses, headphones, handbags, watches, jewelry, and others.
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