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

Tilly’s, Inc. (NYSE:TLYS) major shareholder Shay Capital Llc purchased 100,000 shares of the company’s stock in a transaction dated Thursday, June 26th. The stock was bought at an average price of $1.30 per share, with a total value of $130,000.00. Following the completion of the transaction, the insider directly owned 3,067,422 shares of the company’s stock, valued at approximately $3,987,648.60. This represents a 3.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, June 30th, Shay Capital Llc bought 59,935 shares of Tilly’s stock. The stock was bought at an average cost of $1.45 per share, with a total value of $86,905.75.
• On Friday, June 27th, Shay Capital Llc purchased 72,643 shares of Tilly’s stock. The shares were purchased at an average cost of $1.40 per share, for a total transaction of $101,700.20.
• On Thursday, June 5th, Shay Capital Llc acquired 100,000 shares of Tilly’s stock. The stock was bought at an average price of $1.54 per share, for a total transaction of $154,000.00.
• On Friday, May 30th, Shay Capital Llc purchased 90,678 shares of Tilly’s stock. The shares were purchased at an average price of $1.23 per share, for a total transaction of $111,533.94.
• On Friday, May 30th, Shay Capital Llc purchased 90,678 shares of Tilly’s stock. The shares were acquired at an average cost 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 stock was acquired at an average cost of $0.86 per share, with a total value of $43,000.00.
• On Friday, May 23rd, Shay Capital Llc bought 44,607 shares of Tilly’s stock. The shares were acquired at an average cost of $0.85 per share, for a total transaction of $37,915.95.

Tilly’s Price Performance

Shares of NYSE TLYS opened at $1.61 on Thursday. The business has a 50-day moving average of $1.23 and a two-hundred day moving average of $2.60. The company has a market capitalization of $48.54 million, a price-to-earnings ratio of -0.99 and a beta of 1.39. Tilly’s, Inc. has a 1 year low of $0.57 and a 1 year high of $6.28.

Tilly’s (NYSE:TLYS) last released its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.08). The company 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 8.69% and a negative return on equity of 46.32%. As a group, equities research analysts expect that Tilly’s, Inc. will post -1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Roth Mkm dropped their price target on shares of Tilly’s from $5.00 to $2.50 and set a “neutral” rating for the company in a research note on Friday, March 14th. B. Riley lowered their target price on Tilly’s from $2.50 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, June 5th.

Hedge Funds Weigh In On Tilly’s

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in Tilly’s by 31.4% in the 4th quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer’s stock valued at $75,000 after purchasing an additional 4,193 shares during the last quarter. Barclays PLC raised its holdings in shares of Tilly’s by 19.5% in the fourth quarter. Barclays PLC now owns 23,850 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 3,895 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Tilly’s during the first quarter worth about $136,000. JPMorgan Chase & Co. grew its holdings 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 worth $175,000 after buying an additional 30,273 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Tilly’s by 12.5% in the 4th quarter. Nuveen Asset Management LLC now owns 61,845 shares of the specialty retailer’s stock valued at $263,000 after acquiring an additional 6,895 shares during the period. 76.38% of the stock is currently owned by hedge funds and other institutional investors.

About Tilly’s

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.