Tilly’s, Inc. (NYSE:TLYS – Get Free Report) major shareholder Fund 1 Investments, Llc sold 1,644,255 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $4.49, for a total transaction of $7,382,704.95. Following the completion of the sale, the insider owned 6,414,013 shares of the company’s stock, valued at $28,798,918.37. The trade was a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Fund 1 Investments, Llc also recently made the following trade(s):
- On Tuesday, September 8th, Fund 1 Investments, Llc sold 179,970 shares of Tilly’s stock. The shares were sold at an average price of $4.17, for a total transaction of $750,474.90.
- On Friday, September 4th, Fund 1 Investments, Llc sold 432,110 shares of Tilly’s stock. The shares were sold at an average price of $4.49, for a total transaction of $1,940,173.90.
Tilly’s Price Performance
TLYS stock opened at $4.28 on Friday. The company’s 50-day moving average is $4.00 and its 200-day moving average is $3.96. The stock has a market capitalization of $130.42 million, a PE ratio of 71.32 and a beta of 0.13. Tilly’s, Inc. has a 1 year low of $1.14 and a 1 year high of $6.25.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Tilly’s from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday. Wall Street Zen upgraded shares of Tilly’s from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Zacks Research raised shares of Tilly’s from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $5.50 price objective on shares of Tilly’s in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tilly’s has an average rating of “Moderate Buy” and a consensus price target of $5.50.
Get Our Latest Stock Analysis on TLYS
Institutional Investors Weigh In On Tilly’s
Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Tilly’s by 31.4% during the 4th 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 in the last quarter. Marshall Wace LLP bought a new position in shares of Tilly’s during the second quarter valued at about $70,000. Qube Research & Technologies Ltd purchased a new position in Tilly’s during the second quarter worth about $27,000. Jane Street Group LLC purchased a new position in Tilly’s during the second quarter worth about $286,000. Finally, Shay Capital LLC grew its position in Tilly’s by 40.4% in the 2nd quarter. Shay Capital LLC now owns 3,200,000 shares of the specialty retailer’s stock worth $4,416,000 after purchasing an additional 921,000 shares in the last quarter. Institutional investors own 76.38% of the company’s stock.
About Tilly’s
Tilly’s, Inc is an American specialty retailer of casual apparel, footwear, accessories and hardgoods. Founded in 1982 by Hezy Shaked and Tilly Levine, the company has grown from a single denim and tops store in Garden Grove, California, to a nationwide retail chain. Headquartered in Irvine, California, Tilly’s serves a youth-oriented market with an emphasis on surf, skate and streetwear brands.
The company’s merchandise assortment includes products from leading lifestyle brands such as Vans, Nike, Billabong and Quiksilver, alongside its own private-label offerings.
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