Tilly’s Inc. (NYSE:TLYS) shares are sinking following a downgrade on the stock.
A B. Riley analyst lowered TLYS to a ‘Hold’ Friday, setting the price target at $16 a share. However, 57% of financial bloggers maintain a positive outlook on the stock.
The company’s last quarterly earnings report came in January 31, where Tilly’s posted revenue of $152.8 million and net profit of $7.11 million. This marks 9.22% and 3.12% year-to-year increases respectively.
TLYS stock is down about 5.6% Friday afternoon. Shares are up 59.3% YTD.
