Tilly’s, Inc. (NYSE:TLYS) Major Shareholder Purchases $340,058.16 in Stock

Tilly’s, Inc. (NYSE:TLYS) major shareholder Fund 1 Investments, Llc purchased 60,294 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average cost of $5.64 per share, for a total transaction of $340,058.16. Following the completion of the purchase, the insider now directly owns 5,901,403 shares in the company, valued at $33,283,912.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock 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 bought 126,324 shares of Tilly’s stock. The stock was bought at an average cost of $5.54 per share, for a total transaction of $699,834.96.
• On Thursday, June 27th, Fund 1 Investments, Llc bought 100,000 shares of Tilly’s stock. The stock was bought at an average cost of $5.14 per share, for a total transaction of $514,000.00.

Tilly’s Price Performance

TLYS stock traded up $0.22 during midday trading on Wednesday, reaching $5.73. 108,203 shares of the company’s stock traded hands, compared to its average volume of 96,106. The company has a market capitalization of $172.36 million, a P/E ratio of -4.06 and a beta of 1.50. Tilly’s, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $9.50. The business has a 50-day moving average price of $5.67 and a two-hundred day moving average price of $6.59.

Tilly’s (NYSE:TLYS) last announced 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 business had revenue of $115.86 million for the quarter, compared to analyst estimates of $115.57 million. Tilly’s had a negative net margin of 6.85% and a negative return on equity of 14.38%. As a group, research analysts forecast that Tilly’s, Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Tilly’s

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Tilly’s by 461.5% during 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 increased its stake in shares of Tilly’s by 61.0% in the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock worth $72,000 after buying an additional 4,035 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Tilly’s in the fourth quarter worth $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 increased its stake in shares of Tilly’s by 7.4% in the fourth quarter. First Eagle Investment Management LLC now owns 376,233 shares of the specialty retailer’s stock worth $2,837,000 after buying an additional 26,081 shares during the last quarter. Hedge funds and other 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.