Tilly’s, Inc. (NYSE:TLYS) Major Shareholder Purchases $514,000.00 in Stock

Tilly’s, Inc. (NYSE:TLYS) major shareholder Fund 1 Investments, Llc purchased 100,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were bought at an average cost of $5.14 per share, for a total transaction of $514,000.00. Following the acquisition, the insider now owns 5,585,169 shares of the company’s stock, valued at $28,707,768.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Monday, July 1st, Fund 1 Investments, Llc purchased 126,324 shares of Tilly’s stock. The shares were bought at an average price of $5.54 per share, with a total value of $699,834.96.

Tilly’s Price Performance

Tilly’s stock traded down $0.47 during trading hours on Monday, hitting $5.56. The company had a trading volume of 299,073 shares, compared to its average volume of 95,657. The firm’s fifty day moving average is $5.69 and its 200-day moving average is $6.61. Tilly’s, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $9.50. The firm has a market capitalization of $167.24 million, a P/E ratio of -3.94 and a beta of 1.50.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.02). The company had revenue of $115.86 million during the quarter, compared to the consensus estimate of $115.57 million. Tilly’s had a negative net margin of 6.85% and a negative return on equity of 14.38%. Analysts anticipate that Tilly’s, Inc. will post -0.83 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Roth Mkm lowered their target price on shares of Tilly’s from $7.50 to $6.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. StockNews.com lowered shares of Tilly’s from a “hold” rating to a “sell” rating in a report on Monday, June 10th. Finally, B. Riley cut their target price on shares of Tilly’s from $8.25 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Tilly’s by 461.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,300 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 6,000 shares during the period. BNP Paribas Financial Markets raised its stake in Tilly’s by 61.0% during the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 4,035 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Tilly’s during the 4th quarter valued at $91,000. Sierra Summit Advisors LLC bought a new stake in shares of Tilly’s in the fourth quarter worth $222,000. Finally, First Eagle Investment Management LLC raised its holdings in Tilly’s by 7.4% during the 4th quarter. First Eagle Investment Management LLC now owns 376,233 shares of the specialty retailer’s stock worth $2,837,000 after purchasing an additional 26,081 shares during the last quarter. Institutional investors own 76.38% of the company’s stock.

About Tilly’s

Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, swim, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others.