Tokyo Lifestyle (NASDAQ:TKLF) Director Purchases $377,123.85 in Stock

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) Director Mei Kanayama bought 1,396,755 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of $0.27 per share, for a total transaction of $377,123.85. Following the completion of the acquisition, the director owned 8,613,191 shares in the company, valued at approximately $2,325,561.57. This trade represents a 19.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mei Kanayama also recently made the following trade(s):

• On Tuesday, August 25th, Mei Kanayama purchased 7,000 shares of Tokyo Lifestyle stock. The shares were purchased at an average cost of $1.80 per share, with a total value of $12,600.00.
• On Monday, August 24th, Mei Kanayama purchased 2,800 shares of Tokyo Lifestyle stock. The shares were purchased at an average price of $1.80 per share, for a total transaction of $5,040.00.

Tokyo Lifestyle Price Performance

Shares of NASDAQ:TKLF opened at $1.50 on Friday. Tokyo Lifestyle Co., Ltd. has a 1 year low of $1.43 and a 1 year high of $3.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.22. The company’s 50 day simple moving average is $1.79 and its 200 day simple moving average is $2.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Tokyo Lifestyle from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tokyo Lifestyle currently has an average rating of “Sell”.

About Tokyo Lifestyle

Tokyo Lifestyle Co, Ltd. (NASDAQ: TKLF) is a Japan-based retailer specializing in beauty and lifestyle products. The company sells cosmetics, skincare and hair-care products, fragrances, health and wellness items, household goods, and selected food and beverage products.

Through retail stores and online channels, Tokyo Lifestyle serves consumers primarily in Japan. Its business includes the operation of stores under its own retail formats, as well as e-commerce activities designed to make Japanese beauty and lifestyle products available to customers through digital platforms.

The company was formerly known as Yoshitsu Co, Ltd.