JPMorgan Chase & Co. Acquires 4,045 Shares of Tilly’s, Inc. (NYSE:TLYS)

JPMorgan Chase & Co. increased its holdings in Tilly’s, Inc. (NYSE:TLYS) by 58.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,964 shares of the specialty retailer’s stock after purchasing an additional 4,045 shares during the quarter. JPMorgan Chase & Co.’s holdings in Tilly’s were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Tilly’s by 230.7% during the 3rd quarter. Barclays PLC now owns 19,955 shares of the specialty retailer’s stock valued at $102,000 after buying an additional 13,921 shares during the period. Virtu Financial LLC acquired a new stake in Tilly’s during the 3rd quarter worth about $108,000. Jane Street Group LLC increased its holdings in Tilly’s by 113.6% in the third quarter. Jane Street Group LLC now owns 55,632 shares of the specialty retailer’s stock valued at $284,000 after buying an additional 29,581 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Tilly’s in the 3rd quarter valued at about $297,000. Finally, Geode Capital Management LLC raised 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 worth $2,029,000 after acquiring an additional 10,258 shares in the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

Analysts Set New Price Targets

TLYS has been the topic of several recent analyst reports. StockNews.com lowered shares of Tilly’s from a “hold” rating to a “sell” rating in a research note on Monday, December 9th. B. Riley cut their price target on shares of Tilly’s from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th.

Tilly’s Price Performance

Shares of Tilly’s stock opened at $4.20 on Tuesday. The stock has a market capitalization of $126.63 million, a price-to-earnings ratio of -2.37 and a beta of 1.55. The firm’s fifty day simple moving average is $4.06 and its 200-day simple moving average is $4.47. Tilly’s, Inc. has a 12 month low of $3.22 and a 12 month high of $7.79.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.16). Tilly’s had a negative return on equity of 25.44% and a negative net margin of 8.92%. During the same quarter last year, the firm earned ($0.03) EPS. Analysts anticipate that Tilly’s, Inc. will post -1.08 earnings per share for the current year.

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.