Tilly’s, Inc. (NYSE:TLYS) Major Shareholder Acquires $101,500.00 in Stock

Tilly’s, Inc. (NYSE:TLYS) major shareholder Shay Capital Llc acquired 50,000 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were acquired at an average price of $2.03 per share, with a total value of $101,500.00. Following the completion of the transaction, the insider directly owned 3,250,000 shares in the company, valued at approximately $6,597,500. This trade represents a 1.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 purchased 25,000 shares of Tilly’s stock. The shares were purchased at an average cost of $1.85 per share, with a total value 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 cost 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 shares were purchased 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 shares were purchased at an average cost of $1.30 per share, with a total value of $130,000.00.
• On Thursday, June 5th, Shay Capital Llc acquired 100,000 shares of Tilly’s stock. The stock was bought 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 bought 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 bought 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 acquired 44,607 shares of Tilly’s stock. The stock was 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 NYSE TLYS opened at $1.70 on Friday. The business’s 50 day moving average is $1.42 and its two-hundred day moving average is $2.25. The company has a market cap of $51.26 million, a P/E ratio of -1.05 and a beta of 1.40. Tilly’s, Inc. has a 12 month low of $0.57 and a 12 month high of $6.01.

Tilly’s (NYSE:TLYS) last issued its quarterly earnings results 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 return on equity of 46.32% and a negative net margin of 8.69%. Sell-side analysts expect that Tilly’s, Inc. will post -1.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TLYS. Nomura Holdings Inc. increased its position in Tilly’s by 264.2% in the 1st quarter. Nomura Holdings Inc. now owns 1,871,580 shares of the specialty retailer’s stock worth $4,117,000 after buying an additional 1,357,692 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Tilly’s during the 1st quarter worth approximately $461,000. Shay Capital LLC grew its holdings in shares of Tilly’s by 8.4% during the 4th quarter. Shay Capital LLC now owns 2,279,000 shares of the specialty retailer’s stock worth $9,686,000 after purchasing an additional 176,478 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Tilly’s during the 1st quarter worth approximately $136,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Tilly’s during the 2nd quarter worth approximately $56,000. 76.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price objective 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.