Tilly’s Inc (NYSE:TLYS)’s share price reached a new 52-week high on Tuesday after B. Riley raised their price target on the stock from $17.00 to $26.00. B. Riley currently has a buy rating on the stock. Tilly’s traded as high as $25.46 and last traded at $25.14, with a volume of 1320872 shares changing hands. The stock had previously closed at $23.52.

Several other research firms have also recently weighed in on TLYS. Pivotal Research set a $21.00 target price on Tilly’s and gave the company a “buy” rating in a research note on Sunday. Roth Capital set a $22.00 price target on Tilly’s and gave the company a “buy” rating in a research note on Thursday, August 30th. TheStreet raised Tilly’s from a “c+” rating to a “b-” rating in a research note on Thursday, June 14th. Zacks Investment Research raised Tilly’s from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, June 5th. Finally, William Blair raised Tilly’s from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 30th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $23.25.

In other Tilly’s news, Director Janet Kerr sold 5,167 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $15.23, for a total transaction of $78,693.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hezy Shaked sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $15.64, for a total value of $312,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 251,417 shares of company stock valued at $3,973,031. 48.26% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Tilly’s by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 160,316 shares of the specialty retailer’s stock worth $2,430,000 after purchasing an additional 7,713 shares during the period. Putnam Investments LLC bought a new stake in Tilly’s during the second quarter worth approximately $427,000. Dynamic Technology Lab Private Ltd bought a new stake in Tilly’s during the second quarter worth approximately $262,000. Renaissance Technologies LLC boosted its position in Tilly’s by 23.8% during the second quarter. Renaissance Technologies LLC now owns 734,400 shares of the specialty retailer’s stock worth $11,126,000 after purchasing an additional 141,300 shares during the period. Finally, Citadel Advisors LLC boosted its position in Tilly’s by 222.5% during the second quarter. Citadel Advisors LLC now owns 19,225 shares of the specialty retailer’s stock worth $291,000 after purchasing an additional 34,925 shares during the period. 48.78% of the stock is owned by hedge funds and other institutional investors.

The stock has a market capitalization of $687.72 million, a PE ratio of 36.54 and a beta of -0.05.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Wednesday, August 29th. The specialty retailer reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Tilly’s had a return on equity of 15.08% and a net margin of 4.41%. The company had revenue of $157.41 million during the quarter, compared to analyst estimates of $155.30 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. sell-side analysts anticipate that Tilly’s Inc will post 0.9 EPS for the current year.

About Tilly’s (NYSE:TLYS)

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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