Shay Capital LLC Has $9.69 Million Position in Tilly’s, Inc. (NYSE:TLYS)

Shay Capital LLC boosted its holdings in Tilly’s, Inc. (NYSE:TLYS) by 8.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,279,000 shares of the specialty retailer’s stock after buying an additional 176,478 shares during the period. Tilly’s accounts for approximately 1.5% of Shay Capital LLC’s holdings, making the stock its 14th largest position. Shay Capital LLC owned 0.08% of Tilly’s worth $9,686,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Tilly’s by 276.1% during the fourth quarter. JPMorgan Chase & Co. now owns 41,237 shares of the specialty retailer’s stock valued at $175,000 after acquiring an additional 30,273 shares during the last quarter. Barclays PLC increased its holdings in Tilly’s by 230.7% in the third quarter. Barclays PLC now owns 19,955 shares of the specialty retailer’s stock valued at $102,000 after purchasing an additional 13,921 shares during the period. Long Focus Capital Management LLC raised its position 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 worth $9,273,000 after purchasing an additional 30,000 shares during the last quarter. Bank of America Corp DE lifted 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 worth $75,000 after buying an additional 4,193 shares during the period. Finally, Nuveen Asset Management LLC lifted 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 worth $263,000 after buying an additional 6,895 shares during the period. 76.38% of the stock is currently owned by institutional investors and hedge funds.

Tilly’s Stock Performance

Shares of NYSE TLYS opened at $0.80 on Friday. The company’s 50 day moving average price is $1.87 and its 200-day moving average price is $3.27. Tilly’s, Inc. has a 52-week low of $0.57 and a 52-week high of $6.28. The company has a market capitalization of $24.01 million, a P/E ratio of -0.45 and a beta of 1.42.

Analysts Set New Price Targets

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

Tilly’s 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.