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

Tilly’s, Inc. (NYSE:TLYS) major shareholder Fund 1 Investments, Llc bought 100,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were acquired at an average price of $5.14 per share, for a total transaction of $514,000.00. Following the completion of the transaction, the insider now owns 5,585,169 shares in the company, valued at approximately $28,707,768.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were acquired at an average price of $5.54 per share, for a total transaction of $699,834.96.

Tilly’s Price Performance

TLYS traded down $0.47 during trading on Monday, reaching $5.56. The company had a trading volume of 299,073 shares, compared to its average volume of 95,657. Tilly’s, Inc. has a 12 month low of $4.85 and a 12 month high of $9.50. The business’s fifty day moving average price is $5.69 and its 200 day moving average price is $6.61. The company has a market cap of $167.24 million, a P/E ratio of -3.94 and a beta of 1.50.

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). Tilly’s had a negative net margin of 6.85% and a negative return on equity of 14.38%. The company had revenue of $115.86 million during the quarter, compared to the consensus estimate of $115.57 million. As a group, sell-side analysts predict that Tilly’s, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Trading of Tilly’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in 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 worth $55,000 after buying an additional 6,000 shares during the last quarter. BNP Paribas Financial Markets increased its holdings 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 valued at $72,000 after purchasing an additional 4,035 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Tilly’s in the fourth quarter valued at $91,000. Sierra Summit Advisors LLC acquired a new position in shares of Tilly’s in the fourth quarter valued at $222,000. Finally, First Eagle Investment Management LLC increased its holdings 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 valued at $2,837,000 after purchasing an additional 26,081 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TLYS. Roth Mkm cut 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. StockNews.com downgraded shares of Tilly’s from a “hold” rating to a “sell” rating in a research report on Monday, June 10th. Finally, B. Riley cut 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.

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.