Tilly’s, Inc. (NYSE:TLYS) Major Shareholder Acquires $101,700.20 in Stock

Tilly’s, Inc. (NYSE:TLYS) major shareholder Shay Capital Llc bought 72,643 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average price of $1.40 per share, with a total value of $101,700.20. Following the transaction, the insider directly owned 3,140,065 shares of the company’s stock, valued at $4,396,091. This represents a 2.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 30th, Shay Capital Llc purchased 59,935 shares of Tilly’s stock. The stock was acquired at an average price of $1.45 per share, with a total value of $86,905.75.
• On Thursday, June 26th, Shay Capital Llc acquired 100,000 shares of Tilly’s stock. The shares were bought at an average price of $1.30 per share, for a total transaction of $130,000.00.
• On Thursday, June 5th, Shay Capital Llc bought 100,000 shares of Tilly’s stock. The shares were bought at an average price of $1.54 per share, with a total value of $154,000.00.
• On Friday, May 30th, Shay Capital Llc bought 90,678 shares of Tilly’s stock. The shares were bought at an average cost of $1.23 per share, with a total value of $111,533.94.
• On Friday, May 30th, Shay Capital Llc purchased 90,678 shares of Tilly’s stock. The stock was bought at an average price of $1.23 per share, for a total transaction of $111,533.94.
• On Tuesday, May 27th, Shay Capital Llc acquired 50,000 shares of Tilly’s stock. The shares were purchased at an average price of $0.86 per share, with a total value of $43,000.00.
• On Friday, May 23rd, Shay Capital Llc purchased 44,607 shares of Tilly’s stock. The shares were purchased at an average price of $0.85 per share, with a total value of $37,915.95.

Tilly’s Stock Performance

Shares of Tilly’s stock opened at $1.61 on Thursday. The stock has a market cap of $48.54 million, a price-to-earnings ratio of -0.99 and a beta of 1.39. The stock has a 50 day moving average price of $1.23 and a 200-day moving average price of $2.60. Tilly’s, Inc. has a one year low of $0.57 and a one year high of $6.28.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.08). Tilly’s had a negative return on equity of 46.32% and a negative net margin of 8.69%. The firm had revenue of $107.61 million for the quarter, compared to analysts’ expectations of $108.20 million. Sell-side analysts predict that Tilly’s, Inc. will post -1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TLYS shares. Roth Mkm decreased their price objective on Tilly’s from $5.00 to $2.50 and set a “neutral” rating on the stock in a report on Friday, March 14th. B. Riley reduced their target price on shares of Tilly’s from $2.50 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, June 5th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in Tilly’s by 31.4% in the fourth quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer’s stock worth $75,000 after purchasing an additional 4,193 shares during the period. Barclays PLC increased its position in Tilly’s by 19.5% during the 4th quarter. Barclays PLC now owns 23,850 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 3,895 shares during the period. Nuveen LLC bought a new position in Tilly’s in the first quarter worth approximately $136,000. JPMorgan Chase & Co. raised its position in shares of Tilly’s by 276.1% in the 4th quarter. JPMorgan Chase & Co. now owns 41,237 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 30,273 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted 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 valued at $263,000 after buying an additional 6,895 shares during the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

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.