Shay Capital Llc Acquires 25,000 Shares of Tilly's, Inc. (NYSE:TLYS) Stock

Key Points

• Shay Capital LLC, a major shareholder of Tilly's, acquired 25,000 shares at an average cost of $1.85, bringing their total ownership to approximately 3.27 million shares valued at $6.06 million.
• Tilly's shares have recently fallen by 2.1% to $1.85, with a market cap of $55.78 million and a PE ratio of -1.14.
• In a report, B. Riley reduced Tilly's price target from $2.50 to $2.00 and maintained a "neutral" rating on the stock.

Tilly's, Inc. (NYSE:TLYS - Get Free Report) major shareholder Shay Capital Llc bought 25,000 shares of Tilly's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of $1.85 per share, with a total value of $46,250.00. Following the completion of the transaction, the insider owned 3,275,000 shares of the company's stock, valued at $6,058,750. This represents a 0.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Monday, July 28th, Shay Capital Llc acquired 50,000 shares of Tilly's stock. The stock was purchased at an average price of $2.03 per share, with a total value of $101,500.00.
• On Monday, June 30th, Shay Capital Llc bought 59,935 shares of Tilly's stock. The shares were bought at an average price of $1.45 per share, with a total value of $86,905.75.
• On Friday, June 27th, Shay Capital Llc bought 72,643 shares of Tilly's stock. The shares were bought at an average price of $1.40 per share, with a total value of $101,700.20.
• On Thursday, June 26th, Shay Capital Llc bought 100,000 shares of Tilly's stock. The shares were bought at an average price of $1.30 per share, with a total value of $130,000.00.
• On Thursday, June 5th, Shay Capital Llc purchased 100,000 shares of Tilly's stock. The shares were acquired at an average cost of $1.54 per share, with a total value of $154,000.00.
• 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, with a total value 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, with a total value of $111,533.94.
• On Tuesday, May 27th, Shay Capital Llc bought 50,000 shares of Tilly's stock. The stock was purchased 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 stock was purchased at an average cost of $0.85 per share, with a total value of $37,915.95.

Tilly's Trading Down 5.0%

TLYS traded down $0.09 during trading on Friday, hitting $1.70. 114,302 shares of the company's stock traded hands, compared to its average volume of 276,122. The company's 50 day simple moving average is $1.42 and its two-hundred day simple moving average is $2.25. Tilly's, Inc. has a 12-month low of $0.57 and a 12-month high of $6.01. The stock has a market capitalization of $51.26 million, a price-to-earnings ratio of -1.05 and a beta of 1.40.

Tilly's (NYSE:TLYS - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported ($0.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.08). The firm had revenue of $107.61 million during the quarter, compared to analysts' expectations of $108.20 million. Tilly's had a negative return on equity of 46.32% and a negative net margin of 8.69%. On average, equities analysts expect that Tilly's, Inc. will post -1.08 EPS for the current year.

Hedge Funds Weigh In On Tilly's

Institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its holdings in Tilly's by 19.5% during the fourth quarter. Barclays PLC now owns 23,850 shares of the specialty retailer's stock valued at $101,000 after acquiring an additional 3,895 shares during the period. Bank of America Corp DE raised its holdings in Tilly's by 31.4% during the fourth quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer's stock valued at $75,000 after acquiring an additional 4,193 shares during the period. Nuveen Asset Management LLC raised its holdings in Tilly's by 12.5% during the fourth 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. Long Focus Capital Management LLC raised its holdings in Tilly's by 1.4% during the fourth quarter. Long Focus Capital Management LLC now owns 2,181,931 shares of the specialty retailer's stock valued at $9,273,000 after acquiring an additional 30,000 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Tilly's by 276.1% in the fourth quarter. JPMorgan Chase & Co. now owns 41,237 shares of the specialty retailer's stock worth $175,000 after purchasing an additional 30,273 shares during the last quarter. 76.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their price target on Tilly's from $2.50 to $2.00 and set a "neutral" rating on the stock in a research note on Thursday, June 5th.

Tilly's Company Profile

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.