Tilly’s, Inc. (NYSE:TLYS) Major Shareholder Buys $699,834.96 in Stock

Tilly’s, Inc. (NYSE:TLYS) major shareholder Fund 1 Investments, Llc acquired 126,324 shares of the business’s stock in a transaction on Monday, July 1st. The shares were purchased at an average cost of $5.54 per share, for a total transaction of $699,834.96. Following the completion of the acquisition, the insider now directly owns 5,784,728 shares in the company, valued at $32,047,393.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Wednesday, July 3rd, Fund 1 Investments, Llc purchased 60,294 shares of Tilly’s stock. The shares were purchased at an average cost of $5.64 per share, for a total transaction of $340,058.16.
• On Thursday, June 27th, Fund 1 Investments, Llc acquired 100,000 shares of Tilly’s stock. The stock was purchased at an average price of $5.14 per share, with a total value of $514,000.00.

Tilly’s Stock Up 4.0 %

NYSE:TLYS opened at $5.73 on Thursday. Tilly’s, Inc. has a 12 month low of $4.85 and a 12 month high of $9.50. The firm’s 50 day moving average is $5.67 and its 200 day moving average is $6.58.

Tilly’s (NYSE:TLYS) last issued its earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.02). The firm had revenue of $115.86 million during the quarter, compared to the consensus estimate of $115.57 million. Tilly’s had a negative net margin of 6.85% and a negative return on equity of 14.38%. As a group, equities research analysts anticipate that Tilly’s, Inc. will post -0.83 earnings per share for the current year.

Institutional Investors Weigh In On Tilly’s

Several institutional investors have recently added to or reduced their stakes in TLYS. BNP Paribas Financial Markets raised its position in shares of Tilly’s by 61.0% in the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 4,035 shares during the period. Tower Research Capital LLC TRC raised its holdings in Tilly’s by 461.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,300 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 6,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Tilly’s by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,282,467 shares of the specialty retailer’s stock worth $8,721,000 after acquiring an additional 8,547 shares during the period. SG Americas Securities LLC bought a new position in shares of Tilly’s in the fourth quarter worth $91,000. Finally, First Eagle Investment Management LLC grew its position in shares of Tilly’s by 7.4% in the fourth quarter. First Eagle Investment Management LLC now owns 376,233 shares of the specialty retailer’s stock valued at $2,837,000 after purchasing an additional 26,081 shares in the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TLYS. StockNews.com downgraded Tilly’s from a “hold” rating to a “sell” rating in a research note on Monday, June 10th. B. Riley reduced their price objective on Tilly’s from $8.25 to $7.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Finally, Roth Mkm decreased their target price on Tilly’s from $7.50 to $6.00 and set a “neutral” rating for the company in a research report on Friday, June 7th.

About Tilly’s

Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, swim, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others.