Bank of New York Mellon Corp Lowers Position in Tilly’s, Inc. (NYSE:TLYS)

Bank of New York Mellon Corp reduced its position in shares of Tilly’s, Inc. (NYSE:TLYS) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,973 shares of the specialty retailer’s stock after selling 11,078 shares during the period. Bank of New York Mellon Corp owned approximately 0.30% of Tilly’s worth $549,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fund 1 Investments LLC raised its holdings in Tilly’s by 3.7% during the fourth quarter. Fund 1 Investments LLC now owns 6,624,603 shares of the specialty retailer’s stock worth $49,950,000 after purchasing an additional 236,800 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Tilly’s by 13.9% in the 1st quarter. First Eagle Investment Management LLC now owns 428,657 shares of the specialty retailer’s stock valued at $2,915,000 after acquiring an additional 52,424 shares during the last quarter. Sierra Summit Advisors LLC purchased a new position in Tilly’s during the 4th quarter valued at about $222,000. Vanguard Group Inc. raised its position in Tilly’s by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,282,467 shares of the specialty retailer’s stock worth $8,721,000 after acquiring an additional 8,547 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Tilly’s by 61.0% in the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 4,035 shares in the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TLYS shares. Roth Mkm reduced their target price on Tilly’s from $7.50 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. StockNews.com upgraded Tilly’s from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, B. Riley dropped their price objective on Tilly’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, September 6th.

Insider Buying and Selling

In related news, major shareholder Fund 1 Investments, Llc acquired 60,294 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was bought at an average price of $5.64 per share, with a total value of $340,058.16. Following the purchase, the insider now directly owns 5,901,403 shares in the company, valued at approximately $33,283,912.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Janet Kerr sold 20,000 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $5.38, for a total value of $107,600.00. Following the transaction, the director now directly owns 28,996 shares of the company’s stock, valued at approximately $155,998.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Fund 1 Investments, Llc bought 60,294 shares of Tilly’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average price of $5.64 per share, for a total transaction of $340,058.16. Following the acquisition, the insider now directly owns 5,901,403 shares of the company’s stock, valued at approximately $33,283,912.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 367,118 shares of company stock worth $1,996,643. 27.14% of the stock is owned by company insiders.

Tilly’s Stock Performance

Shares of NYSE TLYS opened at $4.81 on Tuesday. The firm’s 50 day moving average price is $5.15 and its 200 day moving average price is $5.67. The firm has a market cap of $144.69 million, a P/E ratio of -3.41 and a beta of 1.55. Tilly’s, Inc. has a 1 year low of $4.37 and a 1 year high of $8.82.

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.