Shay Capital Llc Purchases 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 acquired 25,000 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of $1.85 per share, for a total transaction of $46,250.00. Following the completion of the purchase, the insider directly owned 3,275,000 shares of the company's stock, valued at approximately $6,058,750. This represents a 0.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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 acquired at an average cost of $2.03 per share, for a total transaction of $101,500.00.
• On Monday, June 30th, Shay Capital Llc purchased 59,935 shares of Tilly's stock. The shares were purchased at an average cost of $1.45 per share, for a total transaction of $86,905.75.
• On Friday, June 27th, Shay Capital Llc purchased 72,643 shares of Tilly's stock. The shares were purchased at an average cost of $1.40 per share, for a total transaction of $101,700.20.
• On Thursday, June 26th, Shay Capital Llc purchased 100,000 shares of Tilly's stock. The shares were purchased at an average cost of $1.30 per share, for a total transaction of $130,000.00.
• On Thursday, June 5th, Shay Capital Llc purchased 100,000 shares of Tilly's stock. The shares were purchased at an average cost of $1.54 per share, for a total transaction of $154,000.00.
• On Friday, May 30th, Shay Capital Llc purchased 90,678 shares of Tilly's stock. The shares were purchased at an average cost of $1.23 per share, for a total transaction of $111,533.94.
• On Friday, May 30th, Shay Capital Llc purchased 90,678 shares of Tilly's stock. The shares were purchased at an average cost of $1.23 per share, for a total transaction of $111,533.94.
• On Tuesday, May 27th, Shay Capital Llc purchased 50,000 shares of Tilly's stock. The shares were purchased at an average cost of $0.86 per share, for a total transaction of $43,000.00.
• On Friday, May 23rd, Shay Capital Llc purchased 44,607 shares of Tilly's stock. The shares were purchased at an average cost of $0.85 per share, for a total transaction of $37,915.95.

Tilly's Stock Down 5.0%

NYSE TLYS traded down $0.09 during trading hours on Friday, reaching $1.70. 114,302 shares of the company were exchanged, compared to its average volume of 276,122. Tilly's, Inc. has a 1 year low of $0.57 and a 1 year high of $6.01. The business's 50 day simple moving average is $1.42 and its 200-day simple moving average is $2.23. The stock has a market capitalization of $51.26 million, a P/E ratio of -1.05 and a beta of 1.40.

Tilly's (NYSE:TLYS - Get Free Report) last posted its quarterly earnings data 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). Tilly's had a negative return on equity of 46.32% and a negative net margin of 8.69%. The company had revenue of $107.61 million for the quarter, compared to analysts' expectations of $108.20 million. As a group, sell-side analysts anticipate that Tilly's, Inc. will post -1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price objective on shares of Tilly's from $2.50 to $2.00 and set a "neutral" rating for the company in a report on Thursday, June 5th.

Institutional Trading of Tilly's

Large investors have recently added to or reduced their stakes in the stock. Ground Swell Capital LLC purchased a new stake in Tilly's during the second quarter worth about $56,000. Bank of America Corp DE increased its stake in shares of Tilly's by 31.4% in the fourth quarter. Bank of America Corp DE now owns 17,566 shares of the specialty retailer's stock worth $75,000 after purchasing an additional 4,193 shares in the last quarter. Barclays PLC increased its stake in shares of Tilly's by 19.5% in the fourth quarter. Barclays PLC now owns 23,850 shares of the specialty retailer's stock worth $101,000 after purchasing an additional 3,895 shares in the last quarter. Nuveen LLC purchased a new position in shares of Tilly's in the first quarter worth about $136,000. Finally, JPMorgan Chase & Co. increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 76.38% of the company's stock.

About Tilly's

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.