Tilly's, Inc. (NYSE:TLYS) Major Shareholder Acquires $101,500.00 in 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 purchased 50,000 shares of Tilly's stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average price of $2.03 per share, with a total value of $101,500.00. Following the transaction, the insider owned 3,250,000 shares of the company's stock, valued at $6,597,500. This trade represents a 1.56% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares 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 purchased at an average cost of $1.85 per share, for a total transaction of $46,250.00.
• On Monday, June 30th, Shay Capital Llc purchased 59,935 shares of Tilly's stock. The shares were purchased at an average price of $1.45 per share, with a total value of $86,905.75.
• On Friday, June 27th, Shay Capital Llc purchased 72,643 shares of Tilly's stock. The stock was bought at an average cost of $1.40 per share, with a total value of $101,700.20.
• On Thursday, June 26th, Shay Capital Llc purchased 100,000 shares of Tilly's stock. The stock was bought at an average price 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 shares were acquired 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 bought 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 acquired 50,000 shares of Tilly's stock. The stock was 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 purchased 44,607 shares of Tilly's stock. The stock was acquired at an average cost of $0.85 per share, for a total transaction of $37,915.95.

Tilly's Trading Down 5.0%

Shares of TLYS stock traded down $0.09 on Friday, reaching $1.70. The company's stock had a trading volume of 114,302 shares, compared to its average volume of 276,122. The company has a market capitalization of $51.26 million, a price-to-earnings ratio of -1.05 and a beta of 1.40. The stock's fifty day simple moving average is $1.42 and its 200-day simple moving average is $2.25. Tilly's, Inc. has a 1 year low of $0.57 and a 1 year high of $6.01.

Tilly's (NYSE:TLYS - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported ($0.74) EPS 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 the consensus estimate of $108.20 million. Tilly's had a negative net margin of 8.69% and a negative return on equity of 46.32%. Equities research analysts forecast that Tilly's, Inc. will post -1.08 earnings per share for the current year.

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.

Institutional Trading of Tilly's

A number of hedge funds have recently added to or reduced their stakes in TLYS. Barclays PLC grew its stake in Tilly's by 19.5% during the 4th quarter. Barclays PLC now owns 23,850 shares of the specialty retailer's stock worth $101,000 after buying an additional 3,895 shares during the last quarter. Bank of America Corp DE grew its position 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 valued at $75,000 after purchasing an additional 4,193 shares during the period. Nuveen Asset Management LLC lifted its holdings in Tilly's by 12.5% in the 4th quarter. Nuveen Asset Management LLC now owns 61,845 shares of the specialty retailer's stock valued at $263,000 after purchasing an additional 6,895 shares in the last quarter. Long Focus Capital Management LLC grew its holdings in shares of 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 worth $9,273,000 after buying an additional 30,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Tilly's by 276.1% during the fourth quarter. JPMorgan Chase & Co. now owns 41,237 shares of the specialty retailer's stock worth $175,000 after acquiring an additional 30,273 shares during the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.

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.