Tilly’s, Inc. (NYSE:TLYS) Major Shareholder Shay Capital Llc Purchases 100,000 Shares

Tilly’s, Inc. (NYSE:TLYS) major shareholder Shay Capital Llc bought 100,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $1.54 per share, with a total value of $154,000.00. Following the completion of the acquisition, the insider now directly owns 2,967,422 shares in the company, valued at $4,569,829.88. This trade represents a 3.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shay Capital Llc also recently made the following trade(s):

• On Friday, May 30th, Shay Capital Llc purchased 90,678 shares of Tilly’s stock. The shares were acquired at an average price of $1.23 per share, for a total transaction of $111,533.94.
• On Friday, May 30th, Shay Capital Llc acquired 90,678 shares of Tilly’s stock. The stock was acquired at an average cost of $1.23 per share, with a total value of $111,533.94.
• On Tuesday, May 27th, Shay Capital Llc bought 50,000 shares of Tilly’s stock. The shares were acquired at an average cost of $0.86 per share, for a total transaction of $43,000.00.
• On Friday, May 23rd, Shay Capital Llc purchased 44,607 shares of Tilly’s stock. The stock was acquired at an average cost of $0.85 per share, with a total value of $37,915.95.

Tilly’s Stock Performance

Shares of NYSE:TLYS traded down $0.08 during trading hours on Monday, reaching $1.28. The stock had a trading volume of 463,835 shares, compared to its average volume of 189,137. The stock has a market capitalization of $38.44 million, a price-to-earnings ratio of -0.72 and a beta of 1.41. The firm’s 50 day moving average is $1.41 and its 200-day moving average is $2.91. Tilly’s, Inc. has a 1 year low of $0.57 and a 1 year high of $6.28.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.08). The business had revenue of $107.61 million during the quarter, compared to analyst estimates of $108.20 million. Tilly’s had a negative net margin of 8.92% and a negative return on equity of 25.44%. Analysts forecast that Tilly’s, Inc. will post -1.08 EPS for the current year.

Hedge Funds Weigh In On Tilly’s

Several hedge funds have recently added to or reduced their stakes in TLYS. Nomura Holdings Inc. lifted its position in shares of Tilly’s by 264.2% during the 1st quarter. Nomura Holdings Inc. now owns 1,871,580 shares of the specialty retailer’s stock worth $4,117,000 after buying an additional 1,357,692 shares during the last quarter. Nuveen LLC acquired a new position in Tilly’s in the first quarter valued at $136,000. SG Americas Securities LLC purchased a new position in shares of Tilly’s during the first quarter worth about $461,000. Shay Capital LLC grew its holdings in shares of Tilly’s by 8.4% during the fourth quarter. Shay Capital LLC now owns 2,279,000 shares of the specialty retailer’s stock worth $9,686,000 after purchasing an additional 176,478 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Tilly’s by 12.5% during the fourth quarter. Nuveen Asset Management LLC now owns 61,845 shares of the specialty retailer’s stock worth $263,000 after purchasing an additional 6,895 shares in the last quarter. 76.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TLYS. Roth Mkm reduced their price objective on Tilly’s from $5.00 to $2.50 and set a “neutral” rating on the stock in a research note on Friday, March 14th. B. Riley reduced their price target on Tilly’s from $2.50 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday.

Tilly’s Company 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.