Insider Buying: Tilly's, Inc. (NYSE:TLYS) Major Shareholder Acquires 50,000 Shares of Stock

Key Points

• Shay Capital LLC acquired 50,000 shares of Tilly's, Inc. at an average price of $2.03 per share, totaling $101,500, increasing its stake to 3,250,000 shares.
• Tilly's stock is currently trading down 2.1% at $1.85, with a market cap of $55.78 million and a 1-year trading range between $0.57 and $6.12.
• Recent earnings results revealed that Tilly's reported a loss of ($0.74) EPS, missing estimates, and had a negative return on equity of 46.32%.

Tilly's, Inc. (NYSE:TLYS - Get Free Report) major shareholder Shay Capital Llc bought 50,000 shares of the business's stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $2.03 per share, for a total transaction of $101,500.00. Following the purchase, the insider directly owned 3,250,000 shares in the company, valued at approximately $6,597,500. This represents a 1.56% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 29th, Shay Capital Llc acquired 25,000 shares of Tilly's stock. The shares were bought at an average price of $1.85 per share, for a total transaction of $46,250.00.
• On Monday, June 30th, Shay Capital Llc acquired 59,935 shares of Tilly's stock. The shares were bought at an average price of $1.45 per share, for a total transaction of $86,905.75.
• On Friday, June 27th, Shay Capital Llc bought 72,643 shares of Tilly's stock. The shares were acquired at an average cost of $1.40 per share, for a total transaction of $101,700.20.
• On Thursday, June 26th, Shay Capital Llc bought 100,000 shares of Tilly's stock. The shares were acquired at an average cost of $1.30 per share, for a total transaction of $130,000.00.
• On Thursday, June 5th, Shay Capital Llc acquired 100,000 shares of Tilly's stock. The stock was 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 acquired 90,678 shares of Tilly's stock. The stock was 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 acquired 90,678 shares of Tilly's stock. The stock was 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 bought 50,000 shares of Tilly's stock. The shares were bought at an average cost of $0.86 per share, for a total transaction of $43,000.00.
• On Friday, May 23rd, Shay Capital Llc bought 44,607 shares of Tilly's stock. The shares were bought at an average cost of $0.85 per share, for a total transaction of $37,915.95.

Tilly's Stock Down 5.0%

Shares of TLYS traded down $0.09 during trading hours on Friday, hitting $1.70. 114,302 shares of the company were exchanged, compared to its average volume of 276,122. The company has a market cap of $51.26 million, a price-to-earnings ratio of -1.05 and a beta of 1.40. Tilly's, Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $6.01. The firm's fifty day moving average is $1.42 and its 200 day moving average is $2.23.

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

Institutional Trading of Tilly's

Several large investors have recently bought and sold shares of TLYS. Ground Swell Capital LLC bought a new position in Tilly's in the second quarter valued at about $56,000. Bank of America Corp DE raised its position in 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 valued at $75,000 after purchasing an additional 4,193 shares during the last quarter. Barclays PLC raised its position in Tilly's by 19.5% in the fourth quarter. Barclays PLC now owns 23,850 shares of the specialty retailer's stock valued at $101,000 after purchasing an additional 3,895 shares during the last quarter. Nuveen LLC bought a new position in Tilly's in the first quarter valued at about $136,000. Finally, JPMorgan Chase & Co. raised its position in Tilly's by 276.1% in the fourth quarter. JPMorgan Chase & Co. now owns 41,237 shares of the specialty retailer's stock valued at $175,000 after purchasing an additional 30,273 shares during the last quarter. 76.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.